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.

Certifications and licensing

Cool for school: Credentials that appeal to tax preparers

Practitioners share which designations they’re pursuing – and which their clients value.

By Jeff Stimpson
Freelance writer

December 18
Better every day The mark of an educated mind

When you challenge traditional thinking and open your mind to new perspectives, positive change will follow.

December 17

Darren Root

Rightworks
Accounting software

Chargify acquires rev rec reporting tool ProRata

The SaaS-focused reporting and analytics platform automates ASC 606 and IFRS 15 compliant recognition.

By Danielle Lee
Editor-in-Chief

December 14
Audit standards

PCAOB names new chief auditor and director of professional standards

Megan Zietsman will assume her role with the Public Company Accounting Oversight Board in early 2019.

By Danielle Lee
Editor-in-Chief

December 14
International taxes

Global Reporting Initiative proposes standard for corporate tax practices

The draft reporting standard aims to provide more transparency around corporate tax payments.

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

December 13
Accounting standards

AICPA proposes new forensic accounting standards

The proposal includes prohibitions on providing legal opinions and performing certain services for a contingent fee.

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

December 13
Accounting firm networks

KPMG sees global revenue hit $29B

Revenues at the international accounting firm network increased 7.1 percent to reach a record amount for the fiscal year ending Sept. 30, 2018.

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

December 13

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.