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.

Audit standards

PCAOB adopts new estimates standard, amends standard on specialists

The updates will be effective for audits of financial statements for fiscal years ending on or after Dec. 15, 2020.

By Danielle Lee
Editor-in-Chief

December 21
International accounting

IAASB continues search for new chair in 2019

The International Auditing and Assurance Standards Board has called for qualified, senior applicants from around the world to apply by Jan. 31, 2019.

By Sean McCabe
Senior Editor

December 21
Accounting students

KSCPA announces 2018 scholarship recipients

The Kansas Society of CPAs awarded over $38K to top accounting students and faculty in the state.

By Sean McCabe
Senior Editor

December 21
Audit standards

PCAOB sees successful ‘dry runs’ of critical audit matter disclosures from companies

The Public Company Accounting Oversight Board has been pilot testing its upcoming requirements for auditors.

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

December 20
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

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.