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.

FASB

FASB tweaks long-duration insurance contract guidance

Accounting Standards Update 2022-5 amends the LTDI guidance from 2018.

By Daniel Hood
Editor-in-chief

December 15
M&A

Cherry Bekaert expands in Boston, Chicago

The Top 25 has acquired growth consulting firm Treacy & Co.

By Daniel Hood
Editor-in-chief

December 15
ESG

ISSB defines how it will use 'sustainability'

The International Sustainability Standards Board has settled on a definition of 'sustainability' that will guide its future work.

By Chris Gaetano
Technology Editor

December 14
Accounting standards

FASB stresses outreach to investors as it fends off overhaul

Officials from the Financial Accounting Standards Board are defending their consultations with investors in the wake of a report from an SEC advisory committee.

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

December 13
Technology

IASB chair says crypto standard not a priority

Andreas Barckow explained in a recent speech why the board does not have a cryptocurrency standard project at the moment.

By Chris Gaetano
Technology Editor

December 13
Gig economy

Forvis launches new digital marketplace for gig workers

The firm's new platform, Talent Shift, matches accounting, tax and advisory gig workers with relevant work opportunities.

By Juliette Gaudemer
Senior Reporter

December 13
AT Think CFO responsibilities in investor relations will grow in 2023

A role that once squarely focused on financial performance management now includes ever-growing operational responsibilities.

December 13

Erik Carlson

Notified

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.