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.

Fraud

Bankman-Fried associates flip as FTX founder arrives in NYC

The crypto exchange exec landed in the U.S. to face a range of criminal charges just as two of his long-time associates said they were cooperating with prosecutors.

By Allyson Versprille and David Voreacos

December 22
Accounting standards

FASB defers sunset date of reference rate reform guidance

The Financial Accounting Standards Board is extending the period of time to use its LIBOR-to-SOFR relief guidance.

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

December 21
Professional development

The 2022 Top 100 People: The pipeline problem

Accounting's most influential outline how the profession can better attract new talent.

By Danielle Lee
Editor-in-Chief

December 21
Accounting education

2022 Top 100 People extra: Attracting the next generation

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "The profession is having trouble attracting new talent, in general and CPA exam candidates in particular. Why do you think that is?"

December 21
Audit

PCAOB proposes new audit confirmation standard

The new standard for audit confirmations would replace an interim standard that hasn't changed for two decades.

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

December 20
Practice management

Accounting Today launches Firm Growth Forum in May

Scheduled for May 8-10 in San Diego, this premiere event will teach firms how to rethink their business model, launch new services and leverage new technology to build a 21st century practice.

By Daniel Hood
Editor-in-chief

December 19
Audit

Accounting firm that vetted Binance's reserves halts all crypto work

Mazars Group has halted all work for crypto clients, dealing a blow to an industry seeking to shore up confidence in the wake of FTX's collapse.

By Bloomberg News

December 16

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.