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 standards

IAASB releases audit quality management guides

The International Auditing and Assurance Standards Board issued two new implementation guides Monday for its recent quality management standards.

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

June 14
AICPA

AICPA names 2021 Outstanding Young CPA Award recipients

For the first time, multiple CPAs under the age of 41 were honored for their contributions to the future of the accounting profession.

By Sean McCabe
Senior Editor

June 14
GASB

GASB offers guidance on implementing leases, and more

The board released updated implementation guidance for its leases standard, along with other accounting standards for state and local governments.

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

June 11
Professional development

ConvergenceCoaching names Spring 2020-21 'Leadership Program' grads

The consulting firm announced its newest group of high-potential CPAs who completed the one-year professional development program.

By Sean McCabe
Senior Editor

June 11
Deloitte

Deloitte sued over alleged role in Singapore trader collapse

A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging the auditing firm failed to detect “serious irregularities” in its financial statements for more than a decade.

By Chanyaporn Chanjaroen

June 10
Accounting students

Indiana Society of CPAs awards 2021-22 student scholarships

Five local students received $8,500 via the Indiana CPA Educational Foundation Scholarship, providing financial assistance on their road to CPA licensure.

By Sean McCabe
Senior Editor

June 9
Tax season

Exit signs? Tax pros ponder early retirement

A tough season has some preparers considering taking down their shingle, but many still plan to hang on.

By Jeff Stimpson
Freelance writer

June 9

Resources

The latest Accounting Today research and discussion:

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
The changing world of government financial reporting

The serious new pressures facing governments of all sizes are changing their financial reporting, says GASB Chair Joel Black.

Sponsored by Intuit Quickbooks
Special Report Technology and CAS

Handling the compliance work that is the foundation of modern CAS while also creating time and insights for the advisory overlay that really drives its value to clients requires the careful deployment of a suite of technology tools — and that suite is constantly evolving, meaning accountants need a strategy to keep up.

Sponsored by Canopy

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.