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 Pathways to Growth: Are you in shape to innovate?

It’s time for firms to power up for growth.

November 25

Gale Crosley

Crosley+Company
Audit

AICPA Auditing Standards Board proposes three-year plan

The American Institute of CPAs’ Auditing Standards Board proposed a strategic plan that will guide the ASB’s work over the next three years.

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

November 21
CPA Exam

NJCPA announces 2019 CPA Exam Fee Lottery winners

The inaugural award from the New Jersey Society of CPAs gifted $750 each to students and professionals to put toward their exam costs.

By Sean McCabe
Senior Editor

November 21
Audit

CAQ looks to fund new audit and accounting research projects

The Institute of Internal Auditors intends to overhaul its Certification in Risk Management Assurance and Internal Audit Practitioner programs next year to meet evolving demands and stay ahead of various risks.

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

November 20
Gender issues

IFAC appoints first female-majority board

The International Federation of Accountants has named its first-ever board that has a majority of female members.

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

November 20
Accounting standards

AICPA proposes updates to audit and accounting guide for gaming industry

The changes mainly reflect application of the new lease accounting standard for casinos with wide area progressive slot machines.

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

November 20
International accounting

Wirecard defends accounting after report of delayed audit

The payment provider said it followed all reporting obligations properly amid renewed concerns about its accounting practices related to a delayed audit of the German company’s accounts in Singapore.

By Stefan Nicola

November 20

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.