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.

GASB

GASB proposes name change to avoid racist connotations

The board proposed changing “comprehensive annual financial report” to “annual comprehensive financial report” because the abbreviation sounds like a racist term in South Africa.

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

April 14
Audit

IIA signs pact with Vietnam Ministry of Finance

The memorandum of understanding with the Vietnam Ministry of Finance aims to advance the internal audit profession in Vietnam.

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

April 13
AICPA

AICPA names 2021 Accounting Doctoral Scholars

The American Institute of CPAs recognized four current professionals interested in becoming accounting professors by providing $20K stipends to support their Ph.D educations.

By Sean McCabe
Senior Editor

April 13
CPAs

The Black CPA Centennial: Meet the first Black woman CPA

Mary T. Washington Wylie broke a major barrier in the accounting profession in 1943.

By Anita Dennis
Freelance writer

April 8
Coronavirus

The way forward: Embracing the opportunities COVID-19 has brought

From adding new services to changing investment strategy, accounting firms are finding a new way to serve their clients following an unprecedented year.

By Ranica Arrowsmith
Technology Editor

April 5
AT Think Helping general contractors structure their business

When choosing a business entity type, general contractors must think about the legal, financial and tax implications.

April 2

Nellie Akalp

CorpNet.com
AT Think Do you know where your firm’s waterline is?

When you look at what separates the great firms from the average ones today, good decision-making stands out.

April 1

Kyle Walters

L&H CPAs and Advisors

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.