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.

CPAs

VSCPA names 2018 Leadership Academy graduates

The Virginia Society of CPAs hosted 22 young professionals for its annual workshop on best practices in firm management.

By Sean McCabe
Senior Editor

January 14
Practice management

Practice Profile: Pillar of the community

Ying Sa aims to make her small firm into the ‘minority-owned KPMG.’

By Danielle Lee
Editor-in-Chief

January 11
Accounting firm services

The cannabis opportunity

The risks are lower than many accountants think -- and the rewards are greater.

By Daniel Hood
Editor-in-chief

January 11
CECL

FASB offers help with credit loss standard

The Financial Accounting Standards Board has released staff guidance on how to estimate credit loss reserves.

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

January 10
Tax franchises

Jackson Hewitt to pay some $187K for misleading ads

Some customers felt their refunds weren’t as much as the tax prep chain’s campaigns had suggested.

By Jeff Stimpson
Freelance writer

January 10
Accounting standards

Former FASB member Marc Siegel joins SASB

A longtime stalwart of the Financial Accounting Standards Board is now on the Sustainability Accounting Standards Board.

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

January 10
AT Think Team-building traditions that make the firm stand out

HMWC CPAs & Business Advisors holds an annual “Death March” that brings employees to some spectacular sights.

January 9

Gerald Herter

Integra International’s Americas, Asia, Australia & New Zealand (AAANZ) Chapter

Resources

The latest Accounting Today research and discussion:

Beyond the Buzz: Moving from AI Hype to Meaningful Impact

Weaving AI into client records, workflows, documents, and billing allows accounting firms increase to by offering client accounting services. Learn why an integrated platform outperforms standalone accounting solutions.

Partner Insights from Canopy
Beyond Research: Unlocking Hidden Value from AI

Generative AI adoption among accounting firms doubled in just one year. But many firms are barely scratching the surface, using AI primarily for tax research rather than to reimagine workflows

Partner Insights from Thomson Reuters
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

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.