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.

M&A

Weaver merges in HSSK

The Top 100 Firm is expanding its forensic accounting, litigation support and business valuation practice with its latest M&A deal.

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

June 26
IFRS

IASB proposes delaying insurance standard for a year

The International Accounting Standards Board has some amendments to the standard after hearing complaints from insurers.

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

June 26
Accounting standards

S&P 500 cos. report $503B in lease liabilities under new standard

Nearly 400 companies transitioned to ASC 842 within the first six months of the effective date.

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

June 26
Accounting fraud

Steinhoff seeks $59M from ex-CEO after accounting crisis

Steinhoff International Holdings NV is seeking more than 850 million rand ($59 million) from former Chief Executive Officer Markus Jooste for his role in the accounting crisis that triggered the retailer’s near-collapse.

June 26
Tax preparers

The Top 10 issues facing tax pros

In the aftermath of tax season, practitioners need to look ahead to broader concerns.

June 25
Tax preparers

Surgent, NAEA launch 'Pathway to EA' Program

The new program aims to increase the number of candidates and improve Special Enrollment Exam pass rates.

By Sean McCabe
Senior Editor

June 25
Accounting standards

FASB opens second segment reporting study

The board is looking for public companies to take part in a study focusing on potential improvements to the segment disclosure requirements.

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

June 25

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.