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 releases standard on derivatives

The Financial Accounting Standards Board issued an standards update to address stakeholder concerns about the application of derivative accounting.

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

September 29
Accounting standards

FASAB clarifies accounting for gov't land

The Federal Accounting Standards Advisory Board has issued new guidance on the accounting and reporting rules for federal land.

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

September 26
Accounting fraud

Nidec finds more suspected cases of accounting fraud

The suspected cases of improper bookkeeping add to a scandal that's threatening the listing of the once-celebrated Japanese auto gear maker.

By Bloomberg News

September 26
Accounting standards

IFAC names new IPSASB chair

The International Federation of Accountants chose Thomas Müller-Marqués Berger as the new chair of the International Public Sector Accounting Standards Board.

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

September 25
Audit

PCAOB sanctions Marcum Asia

The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.

By Daniel Hood
Editor-in-chief

September 23
CPAs

New partners aren't getting what they need

New partners see a gap between pay expectations and reality, as well as the quality and frequency of feedback, according to a new survey.

By Paige Hagy
Reporter

September 23
Government accounting

Public sector steadily shifting to accrual accounting

Progress has not been as quick as predicted, but is expected to continue, according to IFAC and the Chartered Institute of Public Finance and Accountancy.

By Daniel Hood
Editor-in-chief

September 23

Resources

The latest Accounting Today research and discussion:

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.