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.

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
Accounting standards

FASB’s new chairman plans review of impact of standards

Richard Jones is making post-implementation reviews of standards one of his top priorities, and taking a closer look at FASB’s crowded agenda.

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

September 15
AICPA

AICPA Foundation awards 2020 William (Bill) Ezzell Scholarships

The American Institute of CPAs awarded the scholarships to five CPAs pursuing doctorates in accounting.

By Sean McCabe
Senior Editor

September 15
Deloitte

Deloitte sees global revenue grow 5.5% to $47.6B despite coronavirus

Large firms have been reporting revenue increases amid the pandemic.

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

September 15
EY

Auditor EY expresses ‘regret’ over failures after Wirecard collapse

Ernst & Young is sending letters to clients admitting it failed to uncover fraud at the payment company sooner.

By Anthony Aarons
Reporter

September 15
BDO USA

BDO USA sees revenue rise 11.3% to $1.8B despite pandemic

The biggest increase came in the advisory practice, where revenue rose 29.4 percent, followed by tax at 8.8 percent and assurance by 6.0 percent.

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

September 14

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.