Trump's Department of Education Says Accountants Aren't Professionals

Are accountants no longer “professionals”? We unpack the DOE proposal that could slash grad loan limits—and what AICPA/NASBA plans to do about it. Plus: Deloitte’s AI-made citations, EY’s audit turnaround, PwC’s end‑to‑end AI audit ambitions, and OpenAI’s circular investment into accounting rollups. We also cover Xero’s new auto‑reconcile, Intuit’s small‑biz data ad play, and two practical wins: Google’s shared inboxes and unexpected networking tactics for landing that first job.

Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
ACFE - http://accountingpodcast.promo/acfe
OnPay - http://accountingpodcast.promo/onpay

Chapters

• (00:00) - Introduction and Podcast Overview
• (00:44) - Headline: Accountants No Longer Professionals?
• (02:18) - Department of Education's Proposal and Reactions
• (03:50) - Implications for Accounting Students and Professionals
• (09:28) - Deloitte's AI Work Swap Controversy
• (12:46) - EY's Audit Quality Improvements
• (20:56) - Economic Update: Tariffs and Job Market
• (34:02) - Circular AI Investments: A Closer Look
• (36:31) - AI Tools for Accountants: New Features
• (39:32) - Xero's New Pricing and AI Policies
• (49:13) - PWC's AI-Driven Audit Automation
• (52:39) - Google Workspace Shared Inboxes
• (55:49) - Dissolution of the Department of Government Efficiency
• (56:47) - Career Networking Tips for Accountants
• (01:01:16) - Outsourcing Talent: A Global Perspective

 

Show Notes

Department of Education Accounting Professional Degree Classification
https://www.newsweek.com/full-list-degrees-professional-trump-administration-11085695

 

Accountants Inexplicably Deemed "Not Professional" Under OBBBA Student Loan Rules
https://www.goingconcern.com/accountants-inexplicably-deemed-not-professional-under-obba-student-loan-rules/

 

Department of Education Unclassifies Accounting as a Professional Degree
https://www.cpapracticeadvisor.com/2025/11/24/department-of-education-unclassifies-accounting-as-a-professional-degree/173875/

 

Deloitte allegedly cited AI-generated research in a million-dollar report for a Canadian provincial government https://fortune.com/2025/11/25/deloitte-caught-fabricated-ai-generated-research-million-dollar-report-canada-government/

 

Major N.L. healthcare report contains errors likely generated by A.I.
https://theindependent.ca/news/lji/major-n-l-healthcare-report-contains-errors-likely-generated-by-a-i/

 

N.L. asks Deloitte to carry out review after 'incorrect' citations found in $1.6M provincial health plan

https://www.cbc.ca/news/canada/newfoundland-labrador/nl-deloitte-citations-9.6990216

 

OpenAI's investment into Thrive Holdings is its latest circular deal
https://techcrunch.com/2025/12/01/openais-investment-into-thrive-holdings-is-its-latest-circular-deal/

 

Thrive-backed accounting firm Crete to spend $500 million in AI roll-up
https://finance.yahoo.com/news/thrive-backed-accounting-firm-crete-130200467.html

 

Crete PA plans $500 million spend to buy and upgrade accounting firms with AI
https://www.accountingtoday.com/news/crete-pa-plans-500-million-spend-to-buy-and-upgrade-firms-with-ai

 

OpenAI takes an ownership stake in Thrive Holdings to accelerate enterprise AI adoption
https://openai.com/index/thrive-holdings/

 

Trump Tariffs: The Economic Impact of the Trump Trade War
https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/

 

IEEPA Tariffs Are Down from April Threats

https://taxfoundation.org/blog/ieepa-tariffs-rates-down-april-threats/

Intuit SMB MediaLabs Audiences Now Available on The Trade Desk Platform
https://investors.intuit.com/news-events/press-releases/detail/1288/intuit-smb-medialabs-audiences-now-available-on-the-trade-desk-platform-connecting-advertisers-with-small-and-mid-market-businesses

 

Intuit SMB MediaLabs | Advertising Network

https://medialabs.intuit.com/

Need CPE?

Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

Get in Touch

Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships

Are you interested in sponsoring The Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info? 

Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities

TeePublic Store: http://cloudacctpod.link/merch

Subscribe

• Apple Podcasts: http://cloudacctpod.link/AppleP...