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.

Analytics

Grant Thornton introduces LeaseCom Analytics

Chicago-based firm Grant Thornton LLP has introduced a new product, LeaseCom Analytics, which uses analytics and machine-learning capabilities to automatically provide a full picture of a company’s lease portfolio.

By Ranica Arrowsmith
Technology Editor

January 23
Accounting fraud

Tesco U.K. CFO cleared in accounting case, ending trials

The grocer's former chief financial officer was acquitted of fraud charges, drawing into question the prosecutor’s methods.

January 23
Government shutdown

IRS user-fee hearing canceled due to shutdown

The service is currently unable to reschedule the event.

By Jeff Stimpson
Freelance writer

January 22
Tax preparers

New lists name top tax pros, cloud acct’g experts

The TaxBuzz and CountingWorks lists are based in part on client reviews.

By Jeff Stimpson
Freelance writer

January 22
ERP software

Sage sells U.S. Payroll Solutions arm

The sale comes at a time when accounting software providers are bolstering their payroll capabilities.

By Ranica Arrowsmith
Technology Editor

January 22
Accounting firm networks

EY elects Carmine Di Sibio as global chair and CEO

The global managing partner of client service at Ernst & Young will be succeeding Mark Weinberger, effective July 1, 2019.

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

January 18
CECL

Sageworks becomes Abrigo

The company is now focusing on CECL and ALLL technology for community banks after being acquired by Accel-KKR.

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

January 17

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.