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.

ESG

EU climate rules align with ISSB and GRI standards

The European Commission adopted the European Sustainability Reporting Standards on Monday; they will take effect in 2024.

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

July 31
ESG

EU companies get ESG rules aimed at climate risks

Tens of thousands of companies operating in Europe face new requirements to report their operations' climate impact.

By Frances Schwartzkopff
Reporter

July 31
Accounting standards

Banks to limit carbon accounting in stock, bond sales

A majority of an industry working group voted to exclude two-thirds of the emissions linked to their capital markets businesses. The accounting standard won't be mandatory.

By Bloomberg News

July 31
Audit

PCAOB sanctions firms over audit committee communications

The board disciplined five auditing firms for violating its rules and standards when communicating with audit committees.

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

July 28
Accounting standards

New members sought for FASAC

The Financial Accounting Foundation is looking for candidates to join the council that advises FASB.

By Daniel Hood
Editor-in-chief

July 28
International accounting

Scandal-hit retailer nears end as advisors reap $495M in fees

Steinhoff, the former owner of Mattress Firm in the U.S., has been battling to survive ever since auditors refused to sign off on its financials.

By Janice Kew
Reporter

July 28
AT Think Examining the degrees of today's top accounting leaders

The rising cost of higher education raises the question of where to get a degree. This study examines the educational backgrounds of C-suite executives in the top firms.

July 27

Timothy Lindquist

University of Northern Iowa

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.