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 standards

PCAOB offers guidance on critical audit matter requirements

Three pieces of guidance outline new requirements for companies to disclose CAMs in their audit reports.

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

March 18
Accounting firm networks

PrimeGlobal names new CEO

The accounting firm association has appointed a longtime ACCA executive director as its new chief, effective June 1, 2019.

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

March 18
Accounting fraud

Steinhoff deals come back to haunt retailer in PwC investigation

For 20 years, the global retailer thrived off deal-making. Now, some of those transactions are back in the spotlight, and not in a good way.

March 18
Accounting fraud

Steinhoff former chairman Wiese says PwC probe report supports claim

Christo Wiese says the retailer’s overview of a forensic probe into the company’s accounting irregularities supports his claim against the company.

March 18
Audit

Steinhoff wants to dig deeper into $7.4B of dodgy deals

Steinhoff International Holdings NV plans to dig deeper into the accounting misdeeds that brought the retailing giant to its knees as it seeks to get to the bottom of some $7.4 billion in fictitious or improper deals.

March 15
CECL

Banks get ready for CECL accounting changes

Financial institutions are scrambling to prepare for the imminent approach of the credit losses standard.

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

March 15
Accounting firm services

EisnerAmper expands hemp and cannabis practice

Recent legislation forecasts big industry growth, the firm predicts.

By Ranica Arrowsmith
Technology Editor

March 15

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.