Accounting

Accounting News & Professional Insight

Accounting Today delivers news, rankings, thought leadership, and analysis for accounting professionals so they can navigate change in standards, firm strategy, technology adoption, talent, and the overall business environment.

Accounting professionals are facing rapid transformation, including shifting professional standards, demographic change, technology disruption, practice consolidation, and changing expectations for advisory services. Our coverage surfaces these strategic dynamics and provides insights and analysis for firms, leaders, and the accounting profession.

Audit

SEC taps Williams for second term at PCAOB

The Securities and Exchange Commission has reappointed Erica Williams to another term as chairperson of the Public Company Accounting Oversight Board.

By Michael Cohn
Editor-in-chief, AccountingToday.com

June 11
PwC

Execs say most companies won't last 10 years with current business model

A new PricewaterhouseCoopers survey reveals executives think reinventing the business model is essential for companies' survival amid an increasingly risky business environment.

By Paige Hagy
Reporter

June 11
Audit

PCAOB sanctions Florida firm over audit violations

The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors.

By Michael Cohn
Editor-in-chief, AccountingToday.com

June 10
Practice management

CLA Global names new CEO

CLA Global Limited has appointed Paul English as CEO, replacing Sancho Simmonds and Joseph Kask.

By Michael Cohn
Editor-in-chief, AccountingToday.com

June 10
Accounting fraud

UK tech mogul beats HP fraud case

Prosecutors alleged that Autonomy used a number of manipulations to make its revenue growth appear better than it was, so vendors would then buy the company's products.

By Bloomberg News

June 7
Payroll

Employers add 272K jobs in May, with 7,600 in accounting

The jobs report blew past expectations, although the unemployment rate ticked up to 4%.

By Michael Cohn
Editor-in-chief, AccountingToday.com

June 7
Accounting standards

SEC, FASB officials stress tone at the top, new standards

Officials discussed some of the latest accounting standards and advice for auditing firms during a USC and FEI conference.

By Michael Cohn
Editor-in-chief, AccountingToday.com

June 6

Resources

The latest Accounting Today research and discussion:

Beyond the Buzz: Moving from AI Hype to Meaningful Impact

Weaving AI into client records, workflows, documents, and billing allows accounting firms increase to by offering client accounting services. Learn why an integrated platform outperforms standalone accounting solutions.

Partner Insights from Canopy
Beyond Research: Unlocking Hidden Value from AI

Generative AI adoption among accounting firms doubled in just one year. But many firms are barely scratching the surface, using AI primarily for tax research rather than to reimagine workflows

Partner Insights from Thomson Reuters
Predicting the next 15 years in accounting

Take a look at what the accountant and the accounting firm of the future will look like with AICPA chief Mark Koziel.

Sponsored by BILL

Accounting: Key Questions & Analysis

What are the key trends and strategies emerging from accounting industry leaders?

Top leaders are focused on structural challenges facing firms, including succession planning, evolving service mix, and long-term sustainability of traditional models.

How are accounting firms positioning themselves for the profession’s next phase?

Firm leaders are redefining and evaluating their strategy for growth. This includes investing in people and systems as well as rethinking how firms deliver value to address changing client needs and competition.

What role does professional identity play as accounting continues to change?

Debate continues over how accounting defines itself. This is due to accounting expanding into advisory, consulting, and technology-enabled services. These changes can raise questions about standards, training, and long-term credibility.

How are accounting firms managing leadership and succession risk?

Demographic shifts are accelerating in accounting. This means more firms are confronting leadership transitions and ownership succession which can create critical strategic risks that influence growth, culture, and valuation.