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

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
AT Think A new generation of accounting firms

Moving into new service areas will require an updated set of skills.

December 10

Anant Patel

Green Hasson Janks
Artificial Intelligence

Botkeeper raises $18M, develops partner program

The Boston tech company is partnering with ‘Radical CPA’ Jody Padar to help transform accounting.

By Daniel Hood
Editor-in-chief

December 10
Audit preparation

CAQ offers guide to critical audit matters from ‘dry runs’ with PCAOB

The new publication aims to help auditors deal with the CAMs section that will soon be required under a new auditing standard.

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

December 10
Career moves

WICPA picks Tammy Hofstede as new CEO

The incoming chief has been with the institute for 26 years, and succeeds Dennis Tomorsky on Jan. 1, 2019.

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

December 7
Accounting fraud

Steinhoff falls as PwC probe delayed a year after crisis began

The news comes exactly a year after the disclosure of accounting irregularities and the resignation of its CEO threw the company into crisis.

December 6
Audit

Regulator tells U.K. auditors to do better on company reports

Auditors such as KPMG LLP and PricewaterhouseCoopers LLP must do better when it comes to compiling a key part of companies’ annual reports, their U.K. regulator warned.

December 6

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.