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.

AT Think Tax Strategy: The IRS is still concerned about ERC claims

The service is largely blaming third-party promoters, but it's putting some of the burden of fixing the problem on tax preparers.

March 16

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
Accounting standards

FASB aims to improve income tax disclosures

Investors and analysts had complained that the existing disclosures don't offer enough information.

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

March 15
Technology

Most companies want proactive spend management, but few firms offer it

A recent survey has found that while a solid majority of small and midsized businesses want to improve their spend management, few CPA firms offer services to help them.

By Chris Gaetano
Technology Editor

March 15
Audit

Lack of accountants puts cities' credit ratings at risk

A marked increase in staffing shortages at auditing firms has resulted in significant setbacks to complete issuers' financial disclosures, S&P said in a report.

By Danielle Moran
Journalist

March 15
Tax

Tax pros need to give ERC claims the 'sniff test'

Shady operators and questionable calculators make the Employee Retention Credit a risky area for practitioners.

By Roger Russell
Senior Editor

March 14
Accounting firm services

Riches in niches: Inside the music industry

Illinois-based The Music CPA makes sure performers and composers get what they've earned.

By Juliette Gaudemer
Senior Reporter

March 14
PwC

PwC invests millions to support underrepresented students

The Big Four firm's foundation is committing $25 million in grants to community college students from underrepresented backgrounds.

By Juliette Gaudemer
Senior Reporter

March 14

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.