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

PCAOB dings KPMG in latest audit inspection report

The Public Company Accounting Oversight Board's 2017 report on the Big Four firm shows a number of continuing deficiencies.

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

January 25
Accounting firm services

Richey May acquires mortgage lending tech company Amata Solutions

The software company will be folded into the firm's technology consulting division.

By Ranica Arrowsmith
Technology Editor

January 25
CPAs

MACPA meets with local lawmakers for annual CPA Day

More than 200 members of the Maryland Association of CPAs met with state legislators in Annapolis to discuss ongoing issues effecting clients and the profession.

By Sean McCabe
Senior Editor

January 25
Revenue recognition

Revenue recognition standard forces changes at retailers

The new accounting rules and the explosion in online sales are prompting merchants to change the time at which e-commerce revenue is recognized.

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

January 25
AT Think A realist’s predictions for the accounting profession in 2019

What accountants, controllers and CFOs should keep an eye on this year, based on discussions with peers in different areas of technology and business.

January 23

Mike Whitmire

FloQast
Audit

Ernst & Young sets up an Independent Audit Quality Committee

EY will get advice from luminaries from the Public Company Accounting Oversight Board, the Financial Accounting Foundation and Vanguard.

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

January 23
Accounting standards

FASB task force reaches consensus on how to account for TV episodes

The costs of shows on broadcast and cable television, along with streaming services, could be affected by the changes.

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

January 23

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.