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.

Boomer’s Blueprint 10 skills for digital leadership

Firm growth depends on being able to manage digital transformation.

December 24

L. Gary Boomer

Boomer Consulting Inc.
Accounting standards

FASB aims to ease goodwill accounting for nonprofits

The ASU would extend private company alternatives to NFPs.

By Daniel Hood
Editor-in-chief

December 22
Audit

Crowe pays SEC $1.5M over audit

The client collapsed after it was discovered to have $100 million in unpaid payroll tax liabilities.

By Daniel Hood
Editor-in-chief

December 21
Audit standards

PCAOB adopts new estimates standard, amends standard on specialists

The updates will be effective for audits of financial statements for fiscal years ending on or after Dec. 15, 2020.

By Danielle Lee
Editor-in-Chief

December 21
International accounting

IAASB continues search for new chair in 2019

The International Auditing and Assurance Standards Board has called for qualified, senior applicants from around the world to apply by Jan. 31, 2019.

By Sean McCabe
Senior Editor

December 21
Accounting students

KSCPA announces 2018 scholarship recipients

The Kansas Society of CPAs awarded over $38K to top accounting students and faculty in the state.

By Sean McCabe
Senior Editor

December 21
Audit standards

PCAOB sees successful ‘dry runs’ of critical audit matter disclosures from companies

The Public Company Accounting Oversight Board has been pilot testing its upcoming requirements for auditors.

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

December 20

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.