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.

AT Think What I wish I had known before taking the CPA Exam

A young CPA shares offers a valuable primer on preparing for the test.

March 15

Amina Doleh

Maloney + Novotny
Audit

PCAOB offers audit committees a preview of 2019 staff inspections

The board is giving companies an overview of some of the key areas it will be looking at during upcoming audit firm inspections.

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

March 14
AT Think Keeping track of corporate filing deadlines for your clients: a state-by-state schedule

When businesses fail to file on time, they can get hit with fines or other penalties.

March 14

Nellie Akalp

CorpNet.com
Revenue recognition

MoviePass stumbles anew after restating subscriber revenue

MoviePass’s parent company hit another bump Tuesday, acknowledging it lost track of how many paying customers the film-subscription service had on its books.

March 14
Audit

Asia gets tougher on auditors after high-profile defaults

Regulators in some Asian countries are getting tougher on auditors after landmark defaults, in an increasingly high-stakes game as investors call for earlier warning signs amid expectations for debt failures to mount.

March 14
AT Think 5 steps to differentiate your firm

Accountants need a strategy to make them stand out from their competitors.

March 13

Lee Frederiksen

Hinge
Financial reporting

SEC OKs 2019 GAAP reporting taxonomy

The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.

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

March 12

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.