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.

AICPA

AICPA unveils Profession Ready Initiative

The American Institute of CPAs introduced a new program to identify and develop the skills needed by early-career CPAs to succeed in an AI-driven market.

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

February 2
Accounting standards

FASB to tackle market-return cash balance plans

The Financial Accounting Standards Board has voted to add a project to its technical agenda on market-return cash balance plans.

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

January 30
Accounting fraud

SEC to dismiss accounting fraud case against bridge builder

The SEC will drop a lawsuit against the former VP of a construction company accusing him of fraudulent accounting in projects including New York's Kosciuszko Bridge.

By Bloomberg News

January 30
Accounting standards

IPSASB releases climate disclosure standard

The International Public Sector Accounting Standards Board released a standard to help entities consistently report climate-related risks and opportunities.

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

January 29
AT Think When adjusted earnings make for smarter deals

Accounting executives can learn a lot from new research on non-GAAP disclosure and M&A efficiency.

January 29

Ciao-Wei Chen

Gies College of Business
Accounting students

Intuit reveals Career Pipeline Program

Intuit has created a Career Pipeline Program, with a commitment to upskill a million accounting students over the next five years.

By Paige Hagy
Reporter

January 29
SEC

SEC charges ADM $40M for accounting, disclosure fraud

The SEC charged Archer-Daniels-Midland Company and its three former executives with accounting and disclosure fraud.

By Paige Hagy
Reporter

January 28

Resources

The latest Accounting Today research and discussion:

FASB

Accounting

Moody's Analytics

Accounting standards

CECL

Loan-loss provisions
Adapting internally to CECL

February 9
FASB

Accounting

Moody's Analytics

Accounting standards

Financial reporting
The impact of CECL

February 8
FASB

Moody's Analytics

Accounting standards
Forecasting credit losses

February 7

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.