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.

Philanthropy

Maner Costerisan celebrates its fifth annual volunteerism day

Team members donate time and resources in Michigan as part of the firm's annual Day of Impact.

By Juliette Gaudemer
Senior Reporter

November 22
FASB

FASB proposes to add recognition, derecognition guidance to conceptual framework

The Financial Accounting Standards Board is proposing a new chapter in its conceptual framework on recognition and derecognition of items in financial statements.

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

November 22
ESG

Inside the billion-dollar market for junk carbon offsets

These promissory notes offer buyers an accounting power: Emitters of planet-warming pollution get to deduct emissions from their own ledgers simply by purchasing tons of carbon offsets sourced to projects elsewhere.

By Bloomberg News

November 21
Audit

PCAOB proposes overhaul of quality control requirements for audit firms

The Public Company Accounting Oversight Board proposed significant changes in the requirements for firms' QC systems, modernizing standards in place for decades.

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

November 18
AT Think CPAs, you can have anything you want, but you can't have everything

Do you want to accelerate through your career, be constantly challenged, have lots of mobility, and be paid higher? If so, good for you. Just know you'll probably have to work longer hours.

November 18

Kyle Walters

L&H CPAs and Advisors
ACCA

ACCA and IFAC team up to professionalize public sector finance

The two organizations released a joint report on fostering the professionalization of the public finance workforce.

By Juliette Gaudemer
Senior Reporter

November 17
Accounting firm services

Accountants aid clients struggling with inflation

The Bonadio Group is helping its business clients with outsourcing and nonprofit clients with technology to help them deal with rampant inflation.

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

November 17

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.