Tips to Roll Out AI In Your Firm, AI Squeezing Audit Fees

Could AI make a one-person audit firm possible—and what happens if the data-center boom slows down first? Blake and David examine the AI economy’s circular debt, the construction ripple effects of a pullback, and practical ways firms can document workflows before automating them. They also cover AI-powered continuous audits, Mercury’s new general ledger, and tax evasion headlines.SponsorsDigits - http://accountingpodcast.promo/digitsThomson Reuters - http://accountingpodcast.promo/taxautomationOnPay - http://accountingpodcast.promo/onpayCloud Accountant Staffing - http://accountingpodcast.promo/casChapters(00:00) - OnlyFans Tax Evasion (00:27) - Podcast Welcome Halloween (04:02) - News Lineup (06:34) - AI Bubble Warning (14:14) - AI Adjusted EBITDA (18:07) - SOP Marathon For AI (21:19) - AI SOP Workflow Tip (26:41) - Christina Ho AI Audits (29:22) - Audit Fees Under AI (29:55) - Audit Fees Surge (30:57) - AI Disrupts Audits (33:56) - Solo CPA Audit Firm (35:26) - Who Wins and Loses (35:52) - Audit Demand Explained (36:40) - Tech Enables New Entrants (38:26) - Audit Like Cloud Accounting (42:00) - ‌ (43:03) - IRS Refund Nightmare (44:33) - OnlyFans Tax Evasion (46:51) - Punishing Financial Crime (49:59) - Mercury Launches Books (52:22) - Can Banks Compete (54:33) - Is Mercury Enough (56:44) - Wrap Up and CPE  Show NotesNRF: Halloween spending to remain strong, reach $13.5Bhttps://chainstoreage.com/nrf-halloween-spending-remain-strong-reach-135bToo interconnected to fail? New paper connects the AI dotshttps://www.axios.com/2026/09/21/ai-finance-credit-circularThe AI gold rush has a dress code: steel-toe bootshttps://finance.yahoo.com/economy/articles/ai-gold-rush-dress-code-233725771.html40% of Small Businesses Lack Cash Reserves to Survive a Month of Late Client Paymentshttps://www.cpapracticeadvisor.com/2026/09/21/40-of-small-businesses-lack-cash-reserves-to-survive-a-month-of-late-client-payments/190371/AI Future Savings Is Latest Ebitda Tweak to Jolt Debt Investorshttps://www.bloomberg.com/news/articles/2026-09-17/ai-future-savings-is-latest-ebitda-tweak-to-jolt-debt-investorsHow to run a SOPathon: The missing first step in every AI strategyhttps://www.accountingweb.co.uk/community/industry-insights/how-to-run-a-sopathon-the-missing-first-step-in-every-ai-strategyThe 3-phase roadmap every accounting firm needs before AI delivershttps://www.accountingtoday.com/opinion/the-3-phase-roadmap-every-accounting-firm-needs-before-ai-deliversProcess Street MCP Serverhttps://www.process.st/help/docs/mcp-server/Christina Ho's next acthttps://www.cfobrew.com/stories/christina-hos-next-actAI sounds the death knell for audit fee inflationhttps://www.ft.com/content/80d02797-9a54-47e0-8bc3-a7144354da93Tennessee Farmer Tried to Return $20,000 to IRS. Years Later, He's Still Fightinghttps://www.cpapracticeadvisor.com/2026/07/23/tennessee-farmer-tried-to-return-20000-to-irs-years-later-hes-still-fighting/187281/OnlyFans content creator pleads guilty to tax evasionhttps://www.ir