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.

ESG

Search is on for leaders of future sustainability standards board

The IFRS Foundation is looking for a chair and vice-chair of a board that will set global ESG reporting standards.

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

June 1
Tax season

Tax pros try to build post-season client pipelines

While some are scouting for prospects, others are still recovering.

By Jeff Stimpson
Freelance writer

May 28
AT Think The end is nigh-ish

As the pandemic moves into its final stages, accountants need to be planning their own and their clients' exits.

May 28

Daniel Hood

Accounting Today
Accounting firm services

Practice Profile: After the gold rush

Kruze Consulting does an after-action analysis of the results of its clients’ PPP decisions.

By Danielle Lee
Editor-in-Chief

May 28
IASB

IASB proposes to overhaul MD&A commentaries

The International Accounting Standards Board proposed a comprehensive framework for management discussion and analysis to better align with investor needs.

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

May 27
Cyber security

McGuire Sponsel founders launch data security business

Dave McGuire and TJ Sponsel of the Indianapolis tax firm McGuire Sponsel have launched Akita Data, a data-consulting company that aims to protect clients against ransomware attacks and secure their data.

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

May 27
Accounting standards

New interpretation of debt cancellation proposed for federal accounting

FASAB is looking for input on a proposed interpretation of the federal financial accounting standards for cancelled debt.

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

May 26

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.