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.

International accounting

Two cheers for the U.K.'s audit of the auditors

The U.K. Competition and Markets Authority's proposals should succeed in improving the quality of scrutiny while acknowledging a major conflict of interest in auditing.

By Mark Gilbert
Columnist

December 19
Accounting standards

FASB aims to update fair value for lessors

A proposed ASU would help with the implementation of the new standard on leasing.

By Daniel Hood
Editor-in-chief

December 19
AT Think What exactly is CAS?

If you're wondering how it's different from what you've always done, you're not alone.

December 19

Dr. Chandra Bhansali

AccountantsWorld
Tax reform

A Tax Cuts and Jobs Act checklist for 2019

Major tax reform changes that practitioners and taxpayers should keep an eye out for during filing season.

By Mark A. Luscombe
Principal Federal Tax Analyst

December 18
Accounting standards

FASB posts 2019 GAAP and SEC taxonomies

The Financial Accounting Standards Board has made available the 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy.

By Sean McCabe
Senior Editor

December 18
International accounting

Big Four face major overhaul in U.K.

Regulators’ proposals fall short of requiring full breakup, but would separate audit operationally.

December 18
Accounting students

AICPA accepting 2019 'Leadership Workshop' applicants

The American Institute of CPAs' annual program invites minority accounting students to bolster their skills and network with other CPA hopefuls.

By Sean McCabe
Senior Editor

December 18

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.