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.

Artificial Intelligence

The AI-human connection

The first step in making the most of this new technology is for accountants to learn to start trusting it.

By Ranica Arrowsmith
Technology Editor

February 28
FASB

Financial Accounting Foundation appoints executive director

The Financial Accounting Foundation, the group that oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board, has named acting president John W. Auchincloss as the FAF’s executive director.

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

February 27
Tax season

Harbingers of an easier tax season?

Here’s hoping that fewer last-minute changes will make for easier filing.

By Roger Russell
Senior Editor

February 27
South Dakota v. Wayfair

Yet another wrinkle from the Wayfair decision

Maryland and Nebraska may pioneer digital advertising taxes.

By Roger Russell
Senior Editor

February 27
AT Think Pathways to Growth: Innovation is essential, but not enough

The key to commercialization is early adopters.

February 26

Gale Crosley

Crosley+Company
International accounting

Accrual accounting on the rise among governments worldwide

The number of countries reporting their financial positions on an accrual basis is expected to increase from 37 to 98 by 2023, according to a new report.

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

February 26
Tax preparation

Low-income taxpayer assistance program issues annual report

The IRS also announced the 13`1 tax clinics that will be receiving $11.6 million in matching grants for 2020.

By Jeff Stimpson
Freelance writer

February 26

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.