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.

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
Economic indicators

CPA business execs lower expectations for economy

The outlook for the U.S. and global economy is getting gloomier, according to a new survey by the AICPA.

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

June 6
Audit

Latest U.S. salvo against Chinese firms on PCAOB audits could benefit Hong Kong

A U.S. bill that proposes to delist Chinese firms that don’t open their audit books to American regulators could benefit Hong Kong Exchanges & Clearing Ltd. as companies instead turn to the city’s bourse.

June 6
M&A

EY acquires legal managed services biz from Thomson Reuters

The Big Four firm is expanding its legal consulting practice.

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

June 5
Tax franchises

Two Latino tax franchises combine

The combination of Los Taxes and Toro Taxes will have 140 locations in 17 states.

By Jeff Stimpson
Freelance writer

June 5
Associations

Pugliese lays out strategic focus for CalCPA

Recently installed as CEO of the society, the former AICPA exec has an ambitious agenda.

By Daniel Hood
Editor-in-chief

June 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.