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.

AT Think How to structure multiple businesses

If you have clients who own more than one business, how they structure those companies can affect them from the legal and tax perspectives.

July 24

Nellie Akalp

CorpNet.com
Accounting software

AccountingGo releases accounting firm listing service

The platform lists young, small firms within its directory to promote and support entrepreneurship in the profession.

By Ranica Arrowsmith
Technology Editor

July 24
Wirecard

Ex-Wirecard CEO rearrested on claims he hid losses for years

Former Wirecard AG Chief Executive Officer Markus Braun and two other former officials were arrested as prosecutors said the company knew about massive losses as early as 2015.

By Karin Matussek, Oliver Sachgau and Sarah Syed

July 23
Accounting firm networks

Aprio teams with CPAsNET

Aprio LLP, a Top 50 Firm based in Atlanta, and CPAsNET, a community of accounting and business consulting firms, have formed a strategic partnership.

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

July 22
State tax revenues

State CPA society CEOs call for federal relief for state and local governments amid coronavirus

Massachusetts Society of CPAs president and CEO Amy Pitter is spearheading a group of 28 state society heads who have sent a letter to congressional leaders.

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

July 22
Accounting firm networks

PrimeGlobal sees 10% growth in revenue across member firms

PrimeGlobal, an international association of independent accounting firms, reported 10 percent growth Tuesday in aggregate revenue of its member firms, reaching a total of nearly $3 billion for the fiscal year ending May 31, 2020.

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

July 21
IFAC

IFAC urges G20 to balance COVID-19 response with global priorities

The International Federation of Accountants called on national leaders to stay focused on long-term progress alongside their immediate priorities for the coronavirus pandemic.

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

July 21

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.