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

UBS picks EY as main auditor for Credit Suisse combo

The audit fee for the combined group is expected to be less than the sum of the standalone audits, but would still be one of the highest in global banking.

By Myriam Balezou

July 17
Entertainment industry

Forensic accountants and a soap star's guardianship drama

An actor alleged his sister misspent his money on herself while he was under her guardianship. She's hired an accountant.

By Bloomberg News

July 14
IMA

New IMA chair works on leadership transition

The Institute of Management Accountants' chair for fiscal year 2024, Richard Brady, is helping the organization as it transitions from its longtime president and CEO, Jeff Thomson, to a new one, Mike DePrisco.

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

July 12
Technology

Jirav raises $20M

Among other improvements, the financial planning and analysis software company plans to use the money to double its accounting channel team.

By Chris Gaetano
Technology Editor

July 12
Technology

Vendor Spotlight: Pilot

This week's Vendor Spotlight features Waseem Daher, co-founder and CEO of bookkeeping solutions provider Pilot.

By Chris Gaetano
Technology Editor

July 12
International accounting

India orders inspection of Byju's finances

The education-technology titan has been rocked by the resignation of its auditor and three board members.

By Bloomberg News

July 11
CPA Exam

15-year old is the youngest to pass CPA exam

On his way to law school, Jimmy Chilimigras broke an eight-year record by becoming the youngest student ever to pass the CPA exam.

By Juliette Gaudemer
Senior Reporter

July 11

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.