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.

Corporate taxes

Elizabeth Warren’s corporate tax plan sounds reasonable. It isn’t.

The senator really hates it when corporations that report billions of dollars in profit pay little or no tax to Uncle Sam.

April 17
Audit

KPMG, EY reported to police amid Danish laundering probes

Denmark has reported the local operations of Ernst & Young and KPMG to the police amid a widening crackdown on money laundering in the country.

April 16
Financial reporting

Key Democrat says he’ll subpoena Trump records from accounting firm

House Oversight and Reform Committee Chairman Elijah Cummings said he’ll subpoena documents on Monday from an accounting firm tied to President Donald Trump.

April 15
AT Think Minimizing litigation risk in cybersecurity audits

Financial statement auditors can teach security experts a few valuable lessons.

April 12

Matt Miller

Foley Hoag LLP
AT Think JPMorgan Chase gives first look at CECL impact

The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard.

April 12

Mary Ellen Biery

Abrigo
AT Think A revolution for accounting firms who are ready for change

There is a revolution underway in major accounting firms, at least for the ones who take up the challenge to meet the shifts occurring beneath their feet.

April 10

Mark J. Masson

Axiom Consulting Partners
Accounting standards

Private companies falling short on lease accounting standard

Approximately 40 percent of private companies are behind schedule on the new leases standard or haven’t started getting ready yet.

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

April 10

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.