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.

Accounting standards

FASB expands hedge accounting standard

The board issued an accounting standards update aimed at better aligning hedge accounting with an organization’s risk management strategies.

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

March 28
AT Think Improving trust in tax to build a better world

Professional accountants have an important role in driving better tax education.

March 28

Kevin Dancey

International Federation of Accountants
Audit

PCAOB calls China agreement speculation ‘premature’

The board said Thursday that it is still meeting with Chinese authorities to discuss the ability to inspect auditing firms in that country.

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

March 24
ESG

IFRS Foundation and GRI agree to collaborate on ESG standards

The competing sustainability standard-setters have come under increasing pressure in recent years to do more to align their sometimes conflicting standards.

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

March 24
AT Think CPAs should say no more often. Here’s why

Saying no to the right requests means prioritizing your time and projects and making sure you have the time and energy for what matters most.

March 24

Justin Hatch

Reach Reporting
AT Think The Great Liberation

The Great Resignation is forcing accounting firms to rethink their future.

March 23

Bob Lewis

The Visionary Group
Technology

Gray, Gray & Gray partners on cybersecurity offering

The New England Regional Leader announced a new partnership with IT consulting firm GraVoc to provide advanced cybersecurity services to clients.

By Chris Gaetano
Technology Editor

March 22

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.