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.

IFAC

IFAC highlights sustainability reporting to world finance leaders

The International Federation of Accountants issued a call to action to the G20 finance leaders urging them to focus more on sustainability as a way to achieve the United Nations' Sustainable Development Goals.

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

August 30
Accounting standards

FASB supplements conceptual framework with recognition and derecognition info

The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.

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

August 30
Tax

Whitman invests in Tax Titans

Whitman Transition Advisors made a strategic investment of an undisclosed amount in Tax Titans, a veteran-owned company that operates an online marketplace connecting small businesses and qualified tax professionals.

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

August 30
Payroll

Private employers added 177K jobs in August

Annual pay climbed 5.9%, payroll processor ADP reported.

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

August 30
Audit

PCAOB sanctions firm over auditor independence

These are the first sanctions ever against a firm over independence violations because it's a member of an alliance where another firm did work for the same client.

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

August 29
Payroll

Small-business job and wage growth flattened in August

The rate of growth for hiring and hourly earnings stabilized this month, according to Paychex.

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

August 29
ESG

Junk offsets are feeding wave of greenwashing, study shows

Corporations relying on carbon credits to support their green claims now face "robust and credible" proof that the vast majority of such securities aren't fit for purpose.

By Bloomberg News

August 25

Resources

The latest Accounting Today research and discussion:

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
The changing world of government financial reporting

The serious new pressures facing governments of all sizes are changing their financial reporting, says GASB Chair Joel Black.

Sponsored by Intuit Quickbooks
Special Report Technology and CAS

Handling the compliance work that is the foundation of modern CAS while also creating time and insights for the advisory overlay that really drives its value to clients requires the careful deployment of a suite of technology tools — and that suite is constantly evolving, meaning accountants need a strategy to keep up.

Sponsored by Canopy

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.