$143 billion in accounting fees under reconsideration — and clients are already moving.

Audit Agents Execute the Moment a File Lands

Summary: Two AI agents — one prescreening uploaded documents against request criteria, one running tracing and vouching on sample selections — fire automatically on upload and deliver review-ready workpapers. Why it matters: Engagement teams currently act as request managers; this removes that role from the workflow entirely for document validation and initial sample testing. Catch: Every performance claim — "significantly reduce rework," "review-ready workpapers" — comes from Suralink's own press release and CEO Evan Fitzpatrick; no independent firm has published results. Unknowns: Pricing isn't public — press on this before piloting — and it's unclear how the agents flag ambiguous or partial uploads rather than passing a flawed workpaper into review. My take: This is a larger-firm or high-volume audit shop play right now — solo practitioners and two-to-three partner firms don't have the audit volume to justify the implementation time. The direction is clear though: the next wave isn't chat assistants, it's agents that act inside your existing workflow without being asked. [Read more →]

AI is moving fast and most people are falling behind. 

The Rundown AI keeps you ahead of the curve. 

It's a free AI newsletter that keeps you up-to-date on the latest AI news, and teaches you how to apply it in just 5 minutes a day.

Plus, complete the quiz after signing up and they’ll recommend the best AI tools, guides, and courses — tailored to your needs.

Sign up to start learning.

IRS Chatbots Give Wrong Answers — Watchdog Confirms — A TIGTA audit found IRS chatbots couldn't handle 44 keywords, gave insufficient responses on 29 topics, and had 60% of live chat assistors running simultaneous conversations — creating real risk of taxpayer data crossing to the wrong person. Why it matters: If a client has already relied on an IRS chatbot answer, document it — and tell them going forward that any chatbot response needs verification before they act on it. [Read more →]

$143 Billion in Fees Under AI-Delivery Reconsideration — Thomson Reuters Confirms — Thomson Reuters surveyed 1,800 professionals across law, tax, and accounting and found 32% of corporate clients plan to reconsider their professional services provider within 12 months based on AI delivery, with a third of those clients putting more than $1 million in annual work at risk — adding up to ~$143 billion across U.S. legal and accounting markets combined. Why it matters: Renewal conversations are already happening on the client side — and firms with nothing to say about AI are walking in exposed. This isn't a future risk. For corporate clients, it's an active evaluation happening right now. [Read more →]

AI Can't Pick Your Client's Entity Structure — Accounting Today published a piece by CorpNet CEO Nellie Akalp identifying where AI tools fail on entity selection: state-specific formation rules, the client's actual income, and long-term goals the AI never asked about. Why it matters: When a client arrives having "used ChatGPT" to choose their structure, this gives you a concrete, defensible explanation for why their output needs your review before any formation documents are filed. [Read more →]

Document Processing Is Your AI Strategy's Hidden Bottleneck — An Accounting Today piece argues that unstructured, non-machine-readable documents are the upstream failure point that kills AI tax strategies before they start — not the AI tools themselves. Why it matters: Before buying any AI forecasting or scenario tool, check whether your document intake produces structured output — if it doesn't, the downstream AI will either fail or hallucinate. [Read more →]

Cap table management doesn’t have to be frustrating. From issuing grants to 409A valuations or ASC 718 reporting Pulley can make it simple. 

Just ask Linear. They knew they needed a partner who could handle the complexity of their equity management. That’s why they migrated to Pulley.

Learn why Linear chose Pulley

If a client mentions they checked something with the IRS chatbot, document it and tell them to verify before acting. TIGTA just confirmed those chatbots are giving wrong answers on 29 topics — and "the IRS website said so" won't hold up in an audit. [Read more →]

AGENTIC PAYMENTS: Melio launched an AI agent network that logs into suppliers' AR systems and executes payments autonomously — no supplier onboarding required — reporting 30,000 payments processed and $100 million in annualized volume (both figures self-reported). Why it matters: Agentic AP execution will eventually displace a category of manual reconciliation work that currently generates billable advisory hours for firms with SMB clients. [Read more →]

LEGISLATION: Sen. Bernie Sanders introduced the American AI Sovereign Wealth Fund Act, which would impose a one-time 50% stock tax on AI companies with more than $200 million in annual AI revenue to seed a federal sovereign wealth fund. Why it matters: Passage is unlikely under the current Congress, but any firm advising AI startup clients on equity compensation or exit planning should flag that public-ownership proposals are gaining enough traction to warrant a footnote in longer-term planning conversations. [Read more →]

Clients are already scoring you on AI delivery. The IRS is deploying it badly. And audit agents are running testwork without being asked. The firms still treating this as a future problem are the ones their clients are quietly reconsidering.

—Alex

Speak your prompts into ChatGPT or Claude and get detailed, paste-ready input that actually gives you useful output. Wispr Flow captures what you'd cut when typing. Free on Mac, Windows, and iPhone.

Try Wispr Flow free

📬 Know an accountant drowning in manual bookkeeping? Forward this.