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AI is coming for billable hours
just added the borders
I share the 4-5 most important accounting that actually matter. I scroll so you don’t have to.
So grab your coffee, take a quick break, and lets catch up.
Number of the day, 59
That's the percentage of Americans who say they will not watch any World Cup match
What's worse than the US men's national soccer team? Absolutely nothing… Nothing.
Today’s Ledger:
AI is coming for hourly billing.
The PCAOB wants the whole shop checked.
Jollibee wants McDonald’s money.
WTF of the Day🤯
AI is coming for the billable hour
Tax pros are not just testing AI anymore. They are using it. A new survey found that 60% of tax pros now use AI tools. Last year, that number was 33%.
That is a huge jump. And the “we have no plans” crowd almost vanished. It fell from 30% last year to 7% this year. That means AI went from side project to normal work very fast.
Most firms are still using broad tools like ChatGPT, Claude, Gemini, and Perplexity. Only 46% use tax-specific AI tools. So a lot of people are doing serious tax research with tools that were not built just for tax.
But the real story is billing. If AI can cut hours of research down to minutes, the billable hour starts to look awkward. That is why 69% of AI users are now looking at value, hybrid, or fixed-fee billing. Clients may still need the advice. They just may not want to pay for the old clock.
What’s poppin in accounting🍿
The PCAOB wants to inspect the whole machine
The PCAOB may change how it inspects audit firms. Instead of just checking finished audit files, it wants to look at the whole machine. Training. Staffing. Supervision. Leadership.
That matters because firms are changing fast. Private equity is moving into accounting. AI is changing audit work. And QC 1000, the new quality rule, is still being tweaked before it starts in late 2026.
So the PCAOB is basically saying the old file-checking game is not enough anymore. One clean audit file does not mean the whole shop is healthy. It just means one file looked good.
Weekly Trend Chart 📊
Jollibee wants Wall Street money
Jollibee is not just the Filipino chicken spot anymore. Its parent company now wants to spin off its international business and list it in the U.S. by late 2027. Investors liked the idea. Shares jumped as much as 14.5% after the news.
And this is not some tiny food story. Jollibee Foods now owns brands like Smashburger, Tim Ho Wan, The Coffee Bean & Tea Leaf, and Compose Coffee. About 7 in 10 of its stores are now outside the Philippines. Back in 2014, that was closer to 2 in 10.
The bigger bet is simple. Jollibee wants to fight McDonald’s on chicken and Starbucks on coffee. It is still much smaller than both. But it is growing fast overseas. And if Wall Street buys the story, Jollibee may have a lot more cash to chase them.
Meme of the Day😂
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