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.

Accounting software

ADP RUN now available within QBO

QuickBooks Online users can now access RUN Powered by ADP directly from within QBO.

By Ranica Arrowsmith
Technology Editor

May 8
CECL

CAQ offers CECL help for audit committees

The Center for Audit Quality has introduced a new guide to assist audit committees at overseeing their companies efforts to comply with the new credit losses accounting standard.

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

May 7
Accounting standards

GASB offers guidance on implementing standards

The Governmental Accounting Standards Board has released guidance in the form of questions and answers to help state and local governments apply its standards.

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

May 6
Audit

PCAOB previews audit firm inspection findings

The Public Company Accounting Oversight Board has posted a preview of its inspection staff’s observations from 2018, describing some of the main deficiencies it uncovered for auditing firms, along with ways to improve audit quality.

May 6
Accounting standards

AICPA offers guidance on direct care of collections for nonprofits

The American Institute of CPAs released non-authoritative guidance to help nonprofit organizations deal with a recent accounting standard on collections.

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

May 6
Audit

Deloitte leads in new SEC clients in Q1

In a slow first quarter, the Big Four firm racked up a commanding position.

By Daniel Hood
Editor-in-chief

May 6
AT Think A look at the next 100 years of management accounting

To celebrate International Management Accounting Day, IMA vice president Raef Lawson looks to the profession's future.

May 6

Raef Lawson

Institute of Management Accountants

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.