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.

Audit

IIA opens Global Audit Committee Center

The Institute of Internal Auditors has set up a Global Audit Committee Center in Washington, D.C., to provide a global hub for strengthening audit committees.

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

October 16
Tax

GM takes $1.6B charge after pullback from EVs

The giant automaker is taking a hit as the market for electric vehicles is reshaped by the Trump administration's removal of tax credits and other incentives.

October 14
Tax

Tax advice is a no-no for many financial advisors. Tax guidance is not

The fact that many financial advisors say they do not provide tax planning belies how much value they may add through that service, according to an expert.

By Tobias Salinger
Chief Correspondent

October 14
Wealth management

LeBron warns accountants not to steal his money

The billionaire NBA star told his financial advisors that if he goes broke "it ain't going to be good for you," he shared on a recent podcast.

By Danielle Lee
Managing Editor

October 14
AT Think Closing the gap: Community is key to the future of accounting

Rebekah Olson of the Maryland Association of CPAs shares how the profession must work together to develop the next generation of accountants.

October 14

Rebekah Olson

Maryland Association of CPAs
AT Think The rise of the 'Intrapreneur:' Accounting's leadership shift

The next 10 years could be one of the best times in history to build a career in public accounting.

October 13

Doug Lewis

The Visionary Group
Bitcoin

Bitcoin fund launches for CPA firms' high-net-worth clients

Whitman Transition Advisors and Truvestments are launching a Bitcoin fund, called Truvestment Bitcoin Legacy Fund, where CPA firm's high-net-worth clients can buy in early.

By Paige Hagy
Reporter

October 10

Resources

The latest Accounting Today research and discussion:

Accounting standards

Audit
Trifecta of Accounting Standards Hitting Nonprofits

March 16
Accounting standards

Audit
Preparing for Upcoming Nonprofit Accounting Standards

March 15
Accounting standards

Audit
Reaction to FASB Nonprofit Accounting Changes

March 14

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.