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.

Accounting standards

CAQ provides audit committees tool for oversight of emerging technologies

The publication contains five key components and addresses the impact of artificial intelligence and robot process automation.

By Danielle Lee
Editor-in-Chief

December 12
Audit

KPMG sees priorities for audit committee agendas next year

Hiring shortfalls and disruptive technologies will be among the main topics of discussion in boardrooms in 2019.

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

December 11
Corporate ethics

IMA offers ethics case writing competition

The Institute of Management Accountants is holding its annual ethics case writing competition for accounting and finance academics and practitioners.

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

December 11
Accounting firm networks

BDO sees global revenue hit $9B

The international accounting firm network reported a 10.7 percent increase for the fiscal year ending Sept. 30, 2018.

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

December 11
Audit

Asgeirsson: When trust and insight converge

Technology is creating a future where assurance and advisory go hand in hand, the CPA.com chief says.

By Daniel Hood
Editor-in-chief

December 11
Audit

KPMG South Africa apologizes for scandals, seeks second chance

The auditor that shed clients and staff hopes to reestablish its business in the country.

December 10
Accounting standards

FASB revises leasing standard for lessors

The update aims to reduce the costs of implementing and applying the new lease-reporting rules

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

December 10

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.