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

NASBA and AICPA propose new CPA licensure model

The draft model will look to 'address the greatly expanding body of knowledge required of newly licensed CPAs,' according to the two organizations.

By Sean McCabe
Senior Editor

December 10
Tax preparers

Picnic Tax unveils client/preparer matching service

The new platform connect taxpayers with 'their ideal tax professional.'

By Jeff Stimpson
Freelance writer

December 10
Government accounting

GASB offers implementation guidance on standards

The Governmental Accounting Standards Board has proposed implementation guidance with questions and answers to clarify and explain some of GASB’s earlier standards and pronouncements.

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

December 9
PCAOB

PCAOB mulls changes in quality control standards and inspections

The Public Company Accounting Oversight Board is planning to issue a concept release on revisions in quality control standards while making extensive changes in its inspections and audit reports.

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

December 9
AT Think Art of Accounting: Preparing proposals

Frequently we are asked to prepare a formal proposal. This is usually done when the client or prospect is considering multiple firms and the decision will either be made by a board of directors or when the person making the decision feels the need to tangibly back up their decision.

December 9

Edward Mendlowitz

Withum
International accounting

Fight for democracy in Hong Kong spills over into accounting

Candidates for the council of the local CPA institute are being judged on their positions in city-wide political debates.

December 6
FASB

FASB opens search for next technical director

The Financial Accounting Standards Board seeks candidates for the role of principal advisor to the chairman and board.

By Danielle Lee
Editor-in-Chief

December 6

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.