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.

Tax preparers

Preparers are ready to raise rates

The complexities of the Tax Cuts and Jobs Act have practitioners more willing than usual to charge more.

By Jeff Stimpson
Freelance writer

August 6
Tax preparers

IRS begins cleanup of EAs who did not renew

Enrolled agents with SSNs ending in 0, 1, 2 or 3 need to re-up.

By Jeff Stimpson
Freelance writer

August 6
AT Think Accounting in the fourth industrial revolution

The value of your work, your ideas and your contributions to the world are just as important in the future as they are today, if not more so.

August 6

Jasen Stine

Intuit
AT Think The human-technology balance that accounting needs

Artificial intelligence and machine learning aren’t the next big thing — people are.

August 5

Chris Wicker

Xero Americas
AT Think GAAP vs. IFRS for property, plant and equipment

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16.

August 2

Anthony DeStefano

Anthony DeStefano, CPA, LLC
Audit

KPMG U.K. fines top $16M in 2019 amid industry crackdown

Accounting giant KPMG was fined 3.5 million pounds ($4.24 million) for misconduct over reports on Bank of New York Mellon Corp.

August 2
Blockchain

Bigger than blockchain

A veteran in the technology, Top 100 Firm Aprio now aims to educate the profession

By Danielle Lee
Editor-in-Chief

August 2

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.