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.

International accounting

Accounting firms surpass $2B in consulting revenue in China

The consulting practices of accounting firms saw their revenues increase 15.9 percent in 2018 to surpass $2 billion for the first time ever, reaching $2.1 billion, according to a new report.

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

November 5
Financial planning

AICPA honors 17 CPAs at Forensic and Valuation Services Conference

Two Volunteers of the Year and 15 CFFs and ABVs were highlighted for their achievements during the 2019 AICPA Forensic and Valuation Services Conference in Las Vegas.

By Sean McCabe
Senior Editor

November 5
Accounting firm networks

Accounting networks MGI Worldwide and CPA Associates International to merge

The deal will encompass more than 250 accounting, tax, and advisory member firms in nearly 100 countries.

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

November 5
AT Think Art of Accounting: A day in Manhattan

Last Wednesday I spent the day in Manhattan and some things occurred that I would like to share here.

November 4

Edward Mendlowitz

Withum
Revenue recognition

Under Armour falls most since July as U.S. probes accounting

Under Armour Inc. shares plunged after the company disclosed that federal officials have been probing its accounting practices for more than two years, bringing a fresh headache to investors just as the sports brand prepares for a CEO transition.

By Eben Novy-Williams
Writer

November 4
Tax franchises

H&R Block names Franchisees of the Year

The tax prep chain Block recognizes three tax practices for their business success and community achievement.

By Jeff Stimpson
Freelance writer

November 4
AT Think Why public companies can’t put lease accounting rules in the rearview mirror

Public companies reached the deadline for compliance with the new lease accounting rules in January, but their journey is far from over.

November 1

George Azih

LeaseQuery

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.