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.

EY

U.K. watchdog probes Ernst & Young audit of NMC Health

The U.K.’s Financial Reporting Council has opened an investigation into Ernst & Young LLP’s auditing of NMC Health Plc, the Middle Eastern hospital operator facing fraud allegations.

By Bloomberg News

May 4
Coronavirus

CLA looks through the coronavirus crisis and beyond

The Top 100 Firm has tailored an analytical tool to planning in the pandemic.

By Ranica Arrowsmith
Technology Editor

May 1
Wirecard

Wirecard says KPMG could not review all data for audit

An independent audit into Wirecard AG concluded that it was unable to obtain the data needed to confirm past revenues, and criticized the payment processor for internal “shortcomings” and unwillingness by its third-party partners to contribute to the report.

By Bloomberg News

April 30
Coronavirus

The vertical coronavirus pandemic

Accountants share unique problems faced by four different industries.

By Ranica Arrowsmith, Danielle Lee and Sean McCabe

April 30
Audit standards

IAASB proposes to improve group audits

The International Auditing and Assurance Standards Board has released an exposure draft of a standard for improving the quality of audits of group financial statements.

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

April 29
Coronavirus

CPA firms rising to the coronavirus challenge

State CPA society leaders share how accountants are responding to the pandemic — and the new opportunities it is creating

By Danielle Lee
Editor-in-Chief

April 28
AICPA

AICPA seeks applicants for Accounting Doctoral Scholars program

Started in 2009, the American Institute of CPAs' program recruits candidates who are interested in becoming college professors.

By Sean McCabe
Senior Editor

April 28

Resources

The latest Accounting Today research and discussion:

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
The future of the accounting workforce

While concerns remain about the profession's pipeline of new accountants, Cathy Moy, chief people officer at BDO USA, sees plenty of ways to keep it full.

Sponsored by Intuit Quickbooks

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.