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.

AT Think Is international expansion in your firm’s future?

Exciting new markets await, but so do stumbling blocks.

January 7

Lisa Benson

HLB International
Better every day Build solutions, not services, to drive growth

Make 2019 the year you offer your clients what they really need.

January 7

Darren Root

Rightworks
Practice management

Slideshow An accounting calendar for 2019

A to-do list for firms and accountants looking to make progress in the New Year.

By Daniel Hood
Editor-in-chief

January 4
Certified Management Accountants

IMA highlights top-performing schools for CMA exam

The Institute of Management Accountants is shedding light on the colleges and universities in the U.S. and abroad whose students had the highest pass rates on the Certified Management Accountant exam.

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

January 4
BankThink Accounting standards shouldn’t be left to the accountants

The SEC and FASB control the process now, but Congress should give banking regulators a more central role in overseeing the creation of accounting rules.

January 4

William M. Isaac
Audit standards

AICPA finalizes omnibus statement on auditing standards

The American Institute of CPAs’ Auditing Standards Board voted to issue a final version of its Statement on Auditing Standards, Omnibus Statement on Auditing Standards—2019, to align its guidance more closely with that of the Public Company Accounting Oversight Board.

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

January 3
Accounting standards

GASB proposes implementation guide for fiduciary activities standard

The Governmental Accounting Standards Board has posted a proposed implementation guide with a set of questions and answers about GASB’s new standards on accounting and financial reporting for fiduciary activities.

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

January 3

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.