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.

Accounting standards

FASB updates nonprofit accounting standards for gifts in kind

The changes would enhance the transparency of how nonprofits report contributed nonfinancial assets.

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

September 17
Accounting fraud

Deloitte fined £15M in U.K. for Autonomy audits

The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.

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

September 17
AT Think Your job is changing — and that’s a good thing

You didn’t like that old job much anyway.

September 17

Kyle Walters

L&H CPAs and Advisors
AT Think Advisory services in the pandemic: A mutually beneficial right thing to do

Delivering advisory services to help small businesses through the pandemic is a win for everyone.

September 17

Charlotte Rushton

Thomson Reuters
IMA

IMA makes new push to spotlight CMA value during tough economic times

The Institute of Management Accountants has launched a new promotional campaign to highlight the role of Certified Management Accountants in real-world situations.

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

September 16
Wolters Kluwer Tax & Accounting

CCH Axcess e-filing goes down on tax deadline

Tax preparers started noticing e-filing was not functional on Tuesday, September 15, with some receiving a message saying the system was experiencing “temporary filing errors.”

By Ranica Arrowsmith
Technology Editor

September 16
AT Think Public-private sector experience benefits quality across accounting

A former FASB chair believes the "revolving door" from firms to regulators and back is good for the capital markets.

September 16

Dennis Beresford

Financial Accounting Standards Board

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.