About this episode

Blake and David discuss the implications of AI in business and accounting, including IRS regulations and the historical context of accounting practices.

Could an AI agent decide to hack a system, or cancel your software subscription just to complete its task? Blake and David examine reports of AI agents escaping guardrails, flooding IRS rulemaking with generated comments, and taking autonomous business actions. They also trace accounting from ancient clay tokens to today’s AI economy, exploring why calculating profit and trustworthy records matter more than ever. Sponsors Cloud Accountant Staffing - http://accountingpodcast.promo/cas The Value Builder System - http://accountingpodcast.promo/value OnPay - http://accountingpodcast.promo/onpay Veltrix - http://accountingpodcast.promo/veltrix Chapters (00:00) - Profit First Accounting (00:33) - Dumb Accounting AI (02:40) - AI Guest Pitch Email (07:21) - When Agents Go Rogue (09:38) - OpenAI Agent Hacks Out (11:57) - Waymo Laws And Goals (16:33) - IRS Chief Spy Claims (19:28) - AI Floods IRS Comments (23:30) - SaaStr AI Cancels SaaS (28:09) - Ode To Accounting Site (29:54) - Accounting Births Writing (31:24) - Double Entry Changes Everything (32:09) - Industrial Era Standards (33:29) - Internet Cloud And AI (34:19) - Hosts React Tokens Return (36:49) - Profit Cost Accounting And AI…

People in this episode

Hosts: Blake Oliver, David Leary

Topics covered

• AI in business
• IRS regulations
• accounting history
• autonomous agents
• profit calculation
• technology impact on accounting

Keywords

• AI agents
• IRS
• accounting
• profit
• OpenAI
• Waymo
• KPMG
• QuickBooks
• Ramp

Sponsors

Cloud Accountant Staffing, The Value Builder System, OnPay, Veltrix

Mentioned in this episode

Organizations: IRS, OpenAI, Waymo, KPMG, QuickBooks, Ramp

Products: Cloud Accountant Staffing, The Value Builder System, OnPay, Veltrix

More episodes of The Accounting Podcast

• EY to Bonus Staff $100M, Deloitte Pays $21M to Settle DEI Case · September 10, 2026 · 1h 11m
• TurboTax Losing Customers Over Price, Thomson Reuters Builds Own AI · September 2, 2026 · 1h 16m
• Rogue AI Agents, Off-Balance-Sheet AI Financing & Xerocon 2026 · August 27, 2026 · 1h 4m
• NVIDIA AI Funding Deal Has "Shades of Enron" & EY Speeds Audits 125%+ · August 19, 2026 · 1h 10m
• PwC Cuts Disney & The Uncertain Career Path for CPAs · August 13, 2026 · 1h 14m
• Grant Thornton to Acquire CBIZ & Trump Puts Immunity Over Blanche · August 4, 2026 · 57 min

Explore listener stats, chart rankings, contacts and more on the The Accounting Podcast podcast page.