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.

AICPA

AICPA plans to roll out SOC for Supply Chain framework

The American Institute of CPAs will begin offering SOC for Supply Chain, a new assurance framework, this month, to help business clients have more confidence around the viability of their global supply chain in the midst of threats like the coronavirus.

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

March 3
AT Think Tax Strategy: Inside the SECURE Act

The law to boost retirement planning has tax consequences.

March 3

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
Coronavirus

ACCA eyes global economic impact of coronavirus

The Association of Chartered Certified Accountants has released a paper examining the impact of the coronavirus, and how it is affecting economies around the world, including the U.S.

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

March 2
Certified Management Accountants

IMA members' salaries on the rise

Salary and compensation rose for the first time in three years, according to an annual salary survey.

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

March 2
Innovation

Don’t wait — innovate

Every firm is capable of innovation — and soon, every firm will need to be.

By Daniel Hood
Editor-in-chief

March 2
Tax prep software

Tech news: More resources for tax pros

New practice management and crypto-tax tools for tax pros, along with extra tax season resources and much more.

By Daniel Hood
Editor-in-chief

March 2
Practice management software

Intuit introduces tax practice management platform with Karbon

The platform will be available for tax year 2020.

By Ranica Arrowsmith
Technology Editor

February 28

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.