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.

Government accounting

IPSASB proposes changes in public sector accounting

The international board released four proposals for improving various aspects of government accounting.

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

April 22
PCAOB

PCAOB strikes deals with Belgian and French audit overseers

The pacts expand the audit firm inspector's reach across Europe.

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

April 20
AT Think Sales tax services should be on your recovery checklist

As clients emerge from the pandemic, they'll need help in this ever-more-complex area.

April 20

Michael Cerami

CPA.com
AT Think Art of Accounting: How to prevent an embezzlement at a client

Suppose there was an embezzlement at a large client? What would you wish you had done to stop it?

April 19

Edward Mendlowitz

Withum
FASB

FASB change to rules for sales-type leases would cut losses

The amendment promises to reduce losses at the beginning of some types of leasing contracts.

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

April 16
Automation

Botkeeper releases new pricing model for accounting firms

Firms can use Botkeeper to outsource bookkeeping services starting at $10,000 per year.

By Ranica Arrowsmith
Technology Editor

April 16
Audit

Luckin Coffee raises funds amid auditor swap

The disgraced Chinese coffee chain replaced its auditor and said it secured $250 million in funds from a pair of private equity firms.

By Richard Clough
Reporter

April 15

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.