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.

Deloitte

Deloitte taps former Pfizer finance chief as CFO-in-residence

The Big Four firm is building its outreach to CFOs, appointing Frank D'Amelio as its CFO-in-residence.

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

January 26
Accounting education

Seven universities receive IMA endorsement

The endorsement recognizes programs whose curricula best prepare students for the Certified Management Accountant credential.

By Juliette Gaudemer
Senior Reporter

January 26
IMA

Accountants' outlook on economy still subdued

Accountants are gaining a bit more confidence in the global economy, especially in North America and Western Europe, but uncertainties linger.

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

January 26
Accounting fraud

Adani Group exploring legal action over fraud allegations

The Indian company may sue U.S. investor Hindenburg Research after the short seller released a report alleging "brazen" market manipulation and accounting fraud.

By Bloomberg News

January 26
International accounting

Americanas' list of 8,000 creditors causes bankruptcy confusion

The Brazilian retailer filed for bankruptcy protection after finding billion-dollar "accounting inconsistencies" that artificially boosted profits and reduced its reported liabilities by half.

By Cristiane Lucchesi and Steven Arons

January 25
Audit

IAASB proposes rules for group audits

The International Auditing and Assurance Standards Board is asking for feedback on a new section of a proposed auditing standard that would cover group audits of less complex entities.

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

January 24
Practice management

RSM global revenues grew 15% in FY 2022

The firm's worldwide revenues in 2022 reached $8.132 billion, increasing 15% this past year and 41.7% over the last three years.

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

January 24

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.