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.

Tax

6 trends shaping the future of tax and accounting

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage.

By Karen Abramson
CEO

December 13
Cryptocurrency

Binance hit by crypto outflows as FTX's fall shakes exchanges

Traders move to take custody of their tokens despite a proof of reserves audit amid revelations that rival FTX may have misused customer funds.

By Bloomberg News

December 13
Fraud

Sam Bankman-Fried accused of fraud by SEC after Bahamas arrest

The arrest followed weeks of speculation about the possible misuse of client funds.

By Bob Van Voris and Gillian Tan

December 13
Accounting standards

SEC weighs new regs around crypto and climate

Officials from the commission discussed some of the proposed rules for digital assets like cryptocurrency and climate-related disclosures under development.

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

December 12
International accounting

Wirecard trial should be halted, ex-CEO's lawyer demands

Piles of relevant documents were disclosed to the defense only four weeks before the trial started.

By Karin Matussek
Reporter

December 12
Technology

The Frontier: Ditching the off-the-shelf mentality

Accounting leaders who still think they can buy their firm's software off the literal shelf may ironically create more problems than they solve.

By Chris Gaetano
Technology Editor

December 12
Technology

Tech News: MindBridge's latest release

Plus, Alight releases a payroll solution; Softrax releases a new revenue management solution; and other news from the world of accounting technology.

By Chris Gaetano
Technology Editor

December 12

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.