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.

M&A

MNP plans to acquire part of Deloitte’s Canada business

One of the largest accounting firms in Canada struck a deal with Deloitte to acquire a significant portion of Deloitte’s business in Canada, by March 1.

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

February 12
KPMG

KPMG U.K. chair resigns days after slamming ‘victim card’ staff

KPMG’s U.K. chairman has resigned days after sparking widespread anger for telling employees to stop moaning about the pandemic.

By Michael Kapoor
Reporter

February 12
AT Think GASB proposals would stretch meaning of accrual accounting

To the detriment of many state and local governments, budget decisions are being made based on bad accounting information.

February 11

Bill Bergman

Truth in Accounting
International accounting

EY auditors told by German court to testify about Wirecard

Two Ernst & Young auditors were told by a German court that they must testify before a parliamentary committee about their accounting work for scandal-ridden Wirecard AG.

By Karin Matussek
Reporter

February 11
Tax code

The wrong idea: Clients’ wacky notions about taxes

Tax professionals share the strangest misconceptions their clients have about taxes.

By Jeff Stimpson
Freelance writer

February 11
Social Security

New Social Security advisor credential launches

The National Association of Registered Social Security Analysts and its site, NARSSA.org, will look to aid professionals and firms who provide Social Security advisory services to its clients.

By Sean McCabe
Senior Editor

February 10
Tax season

Why clients are the worst: Tax pros’ pet peeves

A collection of things practitioners already hate about dealing with their clients this season.

By Jeff Stimpson
Freelance writer

February 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.