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.

BDO USA

BDO adds Quantum Global Advisors

BDO USA is merging in Quantum Global Advisors LLC, a Chicago-based international insurance claim and valuation consulting practice, in a deal that’s expected to close Oct. 16.

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

October 6
Economic indicators

Accountants more upbeat globally in Q3 despite coronavirus

Global confidence improved significantly in the third quarter of the year among accountants.

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

October 6
Tax season

Over-extended: Tax pros look to October 15

Practitioners share their concerns and hopes in the run-up to the final filing deadline.

By Jeff Stimpson
Freelance writer

October 6
Accounting standards

IESBA revises code of ethics for accountants’ societal role and mindset

The board's revisions emphasize the trust that the public places in accounting professionals.

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

October 5
Accounting standards

FASB delays insurance standard, focuses on post-implementation reviews

The board has voted to defer the effective date of its long-duration insurance contract standard for one year.

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

October 5
AT Think Art of Accounting: Advising clients on selling or buying a business

About three years ago I was helping a client sell his business in what was a pretty typical negotiation for me. However, the client exhibited apprehension almost every step of the way.

October 5

Edward Mendlowitz

Withum
AICPA

AICPA issues standard on performing examination engagements

The American Institute of CPAs’ Auditing Standards Board issued an attestation standard for when auditors perform examination engagements with clients.

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

October 2

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.