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.

IASB

IASB names next chair

Andreas Barckow was appointed Thursday by the trustees of the IFRS Foundation, as the next chair of the board, succeeding longtime chair Hans Hoogervorst in July 2021.

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

November 12
PCAOB

PCAOB adjusts plans for coronavirus

The board has been making changes to its strategic plans and agenda in response to the pandemic as it sees auditors doing more work remotely.

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

November 11
AICPA

AICPA announces partnership with Institute of Chartered Accountants of Jamaica

The first-of-its-kind agreement will help the island nation create a pipeline of future-ready professionals.

By Sean McCabe
Senior Editor

November 11
IRS

IRS update: Getting ready for tax season

Stephen Mankowski of NCCPAP shares the service’s latest initiatives to prepare for 2021.

By Roger Russell
Senior Editor

November 10
AT Think Art of Accounting: The Radical CPA goes ‘bots’

What exactly are bots and Botkeeper, and why is this of any interest to accountants?

November 9

Edward Mendlowitz

Withum
Accounting standards

IPSASB pushes back dates of public sector accounting standards due to coronavirus

The International Public Sector Accounting Standards Board has deferred the effective dates of several upcoming standards and amendments amid the COVID-19 pandemic.

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

November 6
Accounting standards

FASB delays and eases insurance standard

The board is postponing the effective date of its long-duration insurance standard for a year and making it easier to adopt it early.

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

November 5

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.