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 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
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

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.