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 internal use software standard

The Financial Accounting Standards Board posted an accounting standards update to improve the guidance on accounting for internal-use software costs.

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

September 18
AT Think CFO responsibilities are changing for midcap companies

Chief financial officers are no longer just a part of implementing the corporate strategy — they are playing significant roles in creating it.

September 18

Kathy Pattillo

Boyden
Accounting education

NASBA, AICPA propose CPE changes

The National Association of State Boards of Accountancy and the American Institute of CPAs today released an exposure draft proposing changes to Continuing Professional Education standards.

By Paige Hagy
Reporter

September 17
Practice management

AICPA proposes peer review changes for PE-backed firms

The AICPA Peer Review Board wants to update its requirements as more accounting firms get outside funding.

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

September 16
Financial reporting

Trump says companies should report earnings every six months

President Donald Trump said companies should not be forced to deliver earnings reports on a quarterly basis, saying he preferred a six-month schedule he cast as saving businesses time and money.

By Lydia Beyoud

September 15
Audit

Internal auditors expand their scope

The internal audit profession has been grappling with a greater array of responsibilities beyond checking up on corporate finances, including vetting companies' cybersecurity and use of artificial intelligence.

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

September 12
CPAs

ConvergenceCoaching, NYCPA launch leadership program

The program, designed for young accountants, begins September 24 and includes six virtual sessions worth 12 CPE credits.

By Paige Hagy
Reporter

September 12

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.