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.

Revenue recognition

Lease workflow startup secures seed funding

Trullion's software uses artificial intelligence to read unstructured data and translate it into real-time financial reports.

By Ranica Arrowsmith
Technology Editor

March 16
AT Think Let’s improve PCAOB communications with audit committees

Audit committee chairs may not be fully able to grasp certain detailed comments from the PCAOB or respond appropriately on behalf of the company.

March 16

Dennis Beresford

Financial Accounting Standards Board
IMA

IMA elects incoming chair

The institute named Gwen van Berne as its sixth female chair-elect and the first to reside abroad.

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

March 16
ESG

IFAC pushes for accountants to measure sustainability

The International Federation of Accountants convened a meeting of leaders of accounting organizations to advance sustainability reporting as momentum builds worldwide for consistent environmental, social and governance reporting.

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

March 12
Deloitte

Deloitte faces U.K. accounting probe into Lookers audits

Deloitte LLP faces a probe by the U.K.’s accounting regulator into its audits of financial statements by Lookers Plc.

By Stephanie Bodoni
Reporter

March 12
Tax season

Preparers divided over postponing filing deadline

Some tax pros say the confusion caused by the pandemic require a delay; others say it should be unnecessary by now.

By Jeff Stimpson
Freelance writer

March 10
Artificial intelligence

AI bookkeeping startup Zeni launches with $13.5M in funding

Zeni, a bookkeeping and accounting finance startup that leverages artificial intelligence, officially debuted Tuesday.

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

March 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.