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.

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
Accounting fraud

Wirecard’s billionaire CEO in spotlight on fraud allegations

In his 17 years as chief executive officer of Germany’s Wirecard AG, Markus Braun has gained plenty of experience fighting off skeptics and critics.

February 7
CECL

FASB proposes to ease transition to CECL standard

The Financial Accounting Standards Board hopes to simplify the move to the new credit loss rules by offering an option to measure certain assets at fair value.

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

February 6
Online payments

AffiniPay adds eCheck option to CPACharge

AffiniPay, an Austin, Texas-based fintech company, has added online check payment to its digital payment solution for accountants CPACharge.

By Ranica Arrowsmith
Technology Editor

February 6

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.