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.

Government accounting

GASB proposes changes in government accounting guidance

The omnibus exposure draft addresses a variety of issues identified during the implementation and application of different pronouncements.

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

July 9
Accounting standards

FASB looks for feedback on accounting for intangible assets and goodwill

The Financial Accounting Standards Board has issued an invitation to comment document asking for input from its constituents on the accounting for certain identifiable intangible assets acquired in a business combination and the subsequent accounting for goodwill.

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

July 9
CPAs

AICPA honors two with Special Recognition Award

The American Institute of CPAs recognized Gerard Schreiber Jr. and John Dailey Jr. for their influence on and commitment to the CPA profession.

By Sean McCabe
Senior Editor

July 9
Accounting standards

FASB standard on film and TV episode costs may have an impact on what you watch next year

The new rules adjust accounting to an age when viewers are streaming video online and binge watching their favorite series.

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

July 5
AT Think From accounting firm to technology powerhouse

Accountants can be indispensable translators and conduits for tech for their clients.

July 5

Jamie B. Fowler

Grant Thornton LLP
AT Think Is your firm too small to endure?

Without healthy, profitable growth on the top and bottom lines, any firm will struggle and ultimately die.

July 5

Dom Esposito

Esposito CEO2CEO, LLC
Audit

Deloitte fined $5.4M over Serco Group audit failings

This is the latest case of a Big Four firm being sanctioned for its accounting shortcomings.

July 5

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.