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

Eurofins won’t use auditor who also worked for CEO’s firm

The laboratory-testing company facing criticism for its corporate governance, will no longer use an auditor for its Luxembourg subsidiaries who was contemporaneously signing off on the accounts of businesses controlled by the company’s largest shareholder.

March 6
Marijuana industry

RoseRyan launches firm to target cannabis businesses

Accounting firm RoseRyan has created a consultancy called Kukuza Associates to focus on servicing businesses in the growing cannabis market.

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

March 6
Accounting standards

FASB changes accounting for episodic TV series

The new standard adjusts the way companies account for the production costs of films and episodic content produced for TV and online streaming services.

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

March 6
The Future of Audit Embracing technology — and change

'Those who look only to the past or present are certain to miss the future.'

March 6

Leo R. Moretti

Marcum LLP
Work from home

Accounting firms go virtual

Four firms share what it takes to work without a workplace.

By Ranica Arrowsmith
Technology Editor

March 6
Accounting standards

FASB clarifies aspects of lease accounting standard

The update clarifies some of the disclosure and implementation requirements of the new leasing standard.

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

March 5
Pass-through entities

Section 199A: Nothing is ever simple

IRS guidance for on deductions for passthrough entities answers many questions — but raises still others

By Roger Russell
Senior Editor

March 5

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.