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 In the blogs: Ingot we trust

Fault in the age of e-filing; the latest scam; barks and breaks; and other highlights from our favorite tax bloggers.

August 27

Jeff Stimpson
Audit

RSM to pay $950K for violating auditor independence rules

The fifth largest accounting firm had problems with at least 15 audit clients.

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

August 27
Accounting standards

IPSASB proposes new guidance on financial instruments in the public sector

The exposure draft offers standards for how governments can account for monetary gold and currency in circulation.

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

August 27
AT Think Rainchecks: Are you viewed as transactional or transformational?

Angie Grissom of the Rainmaker Cos. offers seven steps to position yourself as an advisor.

August 26

Angie Grissom

The Rainmaker Companies
Audit standards

PCAOB offers guidance on new auditing estimates and specialist requirements

The Public Company Accounting Oversight Board issued four documents explaining the new rules.

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

August 22
Accounting standards

FASB proposal to delay accounting standards could cause headaches for investors

Moody’s Investors Service is objecting to a proposal from the Financial Accounting Standards Board to defer the effective dates of its leases, hedging and credit loss standards for private companies and small public companies.

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

August 22
Audit

AICPA proposes auditing standard to encourage professional skepticism

The move comes amid worries that firms are letting their clients off the hook too readily.

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

August 22

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.