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 Identifying the right clients for CAS

A handy checklist for figuring out which prospects will benefit most from client accounting services.

December 6

Hitendra Patil

Accounteneur
AT Think Does trusted mean valued?

Now, more than ever, CPAs must redefine who and what they are to their clients and companies or risk their relevance in a tech-heavy business world.

December 6

Todd Shapiro

Illinois CPA Society
Tax season

Ready or not: Suggestions for preparing for tax season

The IRS has ideas for taxpayers and their advisors to get ready for filing.

By Jeff Stimpson
Freelance writer

December 5
KPMG

KPMG to invest $5B in digital leadership

The international Big Four network also announced that it would be expanding its alliance with Microsoft.

By Daniel Hood
Editor-in-chief

December 5
BDO

BDO global revenues topped $9.6B in 2019

The firm saw year-over-year growth of 10.1 percent, up from 8.3 percent growth in 2018.

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

December 5
Accounting standards

New accounting standards seem to drive up audit costs

Auditing costs are going up for companies, in part due to new accounting standards for revenue recognition and leases, according to a new survey.

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

December 3
PCAOB

PCAOB plans further changes on inspections and quality control

Chairman William Duhnke said the board is also doing more outreach to audit committees.

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

December 3

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.