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

IAASB revises standard for auditing accounting estimates

The International Auditing and Assurance Standards Board has released a revised standard for auditing accounting estimates and several related disclosures.

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

October 8
AT Think Applying the new International Code of Ethics

A case study explores IESBA’s new guidelines for avoiding conflicts of interest in auditing.

October 8

Cathy Allen

Audit Conduct
Accounting firm services

Richey May buys two IT consulting firms

The acquisitions jump-start the firm’s new division, Richey May Technology Solutions.

By Ranica Arrowsmith
Technology Editor

October 8
Audit

Denmark starts formal investigation into Danske Bank’s auditors

The bank was allegedly being used to launder billions of dollars in dirty money through its Estonian unit.

October 5
Audit

KPMG South Africa seeks CEO from outside firm to rebuild trust

KPMG South Africa is seeking a chief executive officer from outside the auditing firm to rebuild trust after becoming embroiled in a series of scandals that cost the organization a number of high-profile clients.

October 5
Accounting fraud

Steinhoff’s Mattress Firm goes bankrupt, shuts some stores after accounting scandal

The troubled bed retailer plans to close up to 700 stores.

October 5
Accounting students

AICPA names 2018-19 Accountemps Scholarship Award recipients

Four students were highlighted as up-and-coming leaders in the CPA profession.

By Sean McCabe
Senior Editor

October 5

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.