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

IRS commissioner: ‘You’re going to be seeing a lot of me’

Charles Rettig wants to see a ‘fully functioning’ Internal Revenue Service -- on both service and enforcement.

By Daniel Hood
Editor-in-chief

June 10
Financial planning

AICPA honors Personal Financial Planning Standing Ovation recipients

The American Institute of CPAs announced that seven CPAs under the age of 40 were recognized for their early contributions to the personal financial planning space.

By Sean McCabe
Senior Editor

June 10
AT Think Art of Accounting: The best job in accounting

The only thing holding back small firms is their hanging onto the past.

June 10

Edward Mendlowitz

Withum
Tax preparers

Tax pros report ‘record-setting’ number of extensions

The TCJA and taxpayer confusion led to more returns than normal being scheduled for after April 15.

By Jeff Stimpson
Freelance writer

June 10
AT Think Help small-business clients raise capital with three accounting practices

No one has better visibility into the finances of a small business than their accountant.

June 7

Tucker Mathis

FINSYNC
Audit

IAASB finally gets new chair

The former COO of the IFRS will be chairing the International Auditing and Assurance Standards Board after the previous choice abruptly backed away from taking the post.

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

June 6
Succession planning

CFOs not doing enough succession planning

Only 34 percent of CFOs agree there is a succession plan in place for their role, and 81 percent of CFOs report there is no internal successor for them.

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

June 6

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.