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.

ESG

Companies prepare for increased ESG disclosure

Companies are getting ready to report more information about their efforts to control greenhouse gas emissions as the SEC gets set to unveil new rules.

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

December 7
Audit

Companies report fewer critical audit matters since PCAOB began requiring them

The average number of critical audit matters per audit report has declined over time, while the proportion of audit reports that communicate only a single CAM has increased.

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

December 7
AT Think Why today's world needs managerial accounting

If money makes the world go round, the accountant is the axis, and managerial accounting is the gravity.

December 7

Justin Hatch

Reach Reporting
Practice management

What makes a top-performing CAS practice?

The results of CPA.com's third benchmarking survey reveal some key characteristics of successful client advisory services practices.

By Daniel Hood
Editor-in-chief

December 7
Audit

PCAOB fines KPMG $7.7M in three countries for audit violations

The board levied sanctions and fines totaling $7.7 million against three of KPMG's member firms in the U.K., India and Colombia.

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

December 6
ESG

Public sector should adopt green budgeting, says ACCA

A new report lays out how finance professionals can implement green budgeting for a more sustainable future in the public sector.

By Juliette Gaudemer
Senior Reporter

December 6
Accounting education

AICPA offers $1M in scholarships for 2023

Scholarship applications are now open for college students pursuing an accounting degree, taking the CPA exam and becoming educators.

By Juliette Gaudemer
Senior Reporter

December 6

Resources

The latest Accounting Today research and discussion:

Beyond the Buzz: Moving from AI Hype to Meaningful Impact

Weaving AI into client records, workflows, documents, and billing allows accounting firms increase to by offering client accounting services. Learn why an integrated platform outperforms standalone accounting solutions.

Partner Insights from Canopy
Beyond Research: Unlocking Hidden Value from AI

Generative AI adoption among accounting firms doubled in just one year. But many firms are barely scratching the surface, using AI primarily for tax research rather than to reimagine workflows

Partner Insights from Thomson Reuters
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

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.