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

SEC, PCAOB actions against accountants declined steeply in 2018

The Securities and Exchange Commission and Public Company Accounting Oversight Board finalized 45 enforcement actions involving accountants in 2018, marking a significant decrease from 2017.

By Danielle Lee
Editor-in-Chief

May 1
Tax preparers

NATP, Gleim offer EA exam materials

Association members can also get discounts.

By Jeff Stimpson
Freelance writer

May 1
Sales tax software

Software survey: Sales tax in 2019

The Supreme Court's Wayfair decision has software vendors on their toes.

By Ted Needleman
Contributing editor

May 1
Boomer’s Blueprint Mindset determines IT success

Building a future-ready accounting firm technology platform is as much mental as technological.

May 1

L. Gary Boomer

Boomer Consulting Inc.
Audit

U.K. regulator fines KPMG $7.8M over audits of car insurer

The United Kingdom’s Financial Reporting Council also 'severely reprimanded' the firm, as well as two partners.

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

April 30
International accounting

A $4.4B accounting error burns investors in China

One of China’s largest listed drugmakers said it overstated cash holdings by $4.4 billion, sending its shares and bonds tumbling.

April 30
Audit

IIA sees membership exceed 200,000

The Institute of Internal Auditors reported a milestone Monday, with membership numbers now topping 200,000.

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

April 29

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.