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

China urges state firms to drop Big Four auditors on data risk

The move signals continued concerns about data security even after Beijing reached a landmark deal to allow U.S. audit inspections on hundreds of Chinese firms listed in New York.

By Bloomberg News

February 22
ESG

Global sustainability standard gaining ground

Once a distant dream, a worldwide framework for reporting is now being enthusiastically pursued by prominent players.

By Chris Gaetano
Technology Editor

February 22
Audit

PCAOB ramps up enforcement dramatically

The board increased its enforcement activity significantly in 2022 and levied record-setting penalties.

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

February 22
IASB

The IFRS Integrated Reporting Framework and what it means for companies worldwide

The Integrated Reporting Framework was a topic of major importance during the International Sustainability Standard Board's inaugural symposium.

By Juliette Gaudemer
Senior Reporter

February 21
Tax planning

Changes proposed in accounting ethics to deter corporate tax dodging

The IESBA wants to revise its code to address concerns about accountants helping companies avoid paying taxes.

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

February 21
Audit

Darktrace hires Ernst & Young for review after short-seller report

The British cybersecurity company has hired the Big Four firm to review "key financial processes."

By Bloomberg News

February 21
ESG

Help emerging economies embrace ESG

When it comes to sustainability-related disclosure standards, smaller entities within emerging economies are ready to get on board.

By Juliette Gaudemer
Senior Reporter

February 21

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.