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

NASBA presents 2018 leadership awards

The National Association of State Boards of Accountancy honored three CPAs at its 2018 Annual Meeting who have helped push the profession forward.

By Sean McCabe
Senior Editor

November 20
Accounting fraud

Noble Group rescue thrown into doubt by Singapore probe

The commodity-trading firm is being investigated by three Singaporean agencies more than three years after a whistle-blower questioned the company’s accounting.

November 20
Accounting standards

AICPA drafts guidance on inventory valuation

The Financial Reporting Executive Committee eventually plans to publish a broader Business Combinations Accounting and Valuation Guide.

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

November 19
Accounting standards

FASB proposes tweaks to financial instruments standards

The proposals would make narrow improvements to the rules for credit losses, hedging, and recognition and measurement.

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

November 19
Tax preparers

IRS proposes more than doubling EA fees

The cost of the user fee for enrolled agents would rise from $30 to $67.

By Jeff Stimpson
Freelance writer

November 19
Accounting fraud

Ghosn joins ranks of executives accused of financial impropriety

The Nissan chairman was arrested in Japan for alleged financial violations and faces removal from his job.

November 19
AT Think Will accountants become the weavers of the 21st century?

Accounting is facing a slow-moving existential crisis, says institutional investor Jon Lukomnik.

November 19

Jon Lukomnik

Resources

The latest Accounting Today research and discussion:

Accounting firm services

Practice management

Consulting
Trusted Advisor 2.0

By Daniel Hood

1h ago
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

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.