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.

Financial reporting

5 financial reporting issues to keep an eye on

From ESG requirements to global tax reform, this handful of developments is worth paying attention to in 2022.

By Rob Tockman
Audit partner

March 11
Fraud

NJCPA warns of charity scams exploiting Ukraine crisis

The New Jersey Society of CPAs is warning residents to beware of potential fraud from scammers asking for donations to bogus nonprofits raising money for Ukraine relief.

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

March 10
Practice management

BeachFleischman forms cross-border venture with Mexico firm

The Arizona-based firm teamed up with Terán Rojas & Associates.

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

March 10
Practice management

4 must-haves for your next consultancy role

Accounting, like every client service career, is all about people, with a side of savviness for numbers thrown in for good measure.

By Johanna Baum
CEO

March 10
AICPA

AICPA and CIMA suspend services in Russia and Belarus

Their combined association is indefinitely suspending services in Russia and Belarus in response to the war in Ukraine.

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

March 10
AT Think How to fast-track your CPA certification in college

When it came to the CPA exam, I made the decision to tackle it while I was in school.

March 9

Ally Powers

Plante Moran
AT Think Art of Accounting: Passion or chore?

A test for accounting students and their parents who are already CPAs can help decide whether to go into public or private accounting.

March 7

Edward Mendlowitz

Withum

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.