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

IAASB proposes new standards to improve audit quality

The International Auditing and Assurance Standards Board has issued a trio of proposed standards to improve the quality of audits, reviews and related assurance service engagements at firms.

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

February 11
CAS

Accountingfly CEO Jeff Phillips joins Elefant Training as advisor

Phillips has been recruited to provide guidance on recruiting qualified accounting and bookkeeping staff with modern skill sets.

By Ranica Arrowsmith
Technology Editor

February 11
AT Think Art of Accounting: Research associate

As Withum is growing, the needs of the firm continue to expand with newly created positions to provide more value-added services to clients.

February 11

Edward Mendlowitz

Withum
Better Every Day The traditional firm is still very much alive

Learn to balance traditional practices with modern improvements to achieve transformation at your own pace.

February 11

Darren Root

Rightworks
Certified Management Accountants

IMA revamps competency framework for accountants to stress tech skills

The new framework aims to keep pace with changing technology and business demands.

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

February 8
Accounting fraud

After $10B share plunge, Wirecard’s CEO fights back against accounting allegations

The German online payments firm Wirecard AG has seen its stock plunge by more than a third in recent days on reports of accounting misdeeds.

February 8
AT Think Take time now to create client work later

Use tax season to identify those who need your help after April 15.

February 8

Bob Lewis

The Visionary Group

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.