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

PCAOB to work with Austrian audit regulator

The Public Company Accounting Oversight Board has entered into a cooperative agreement with the Audit Oversight Body of Austria to do joint inspections and oversight of auditing firms that are subject to both U.S. and Austrian jurisdiction.

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

September 14
Audit standards

Former PCAOB chief auditor to lead IAASB

Martin Baumann has been appointed as the new chair of the International Auditing and Assurance Standards Board.

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

September 14
Practice management

Firms on the move: RoseRyan marks 25-year milestone

Marcum certifies Guinness world record for new show; Dean Dorton launches wealth management practice; and more news from CPA offices across the country.

By Danielle Lee
Editor-in-Chief

September 14
Fraud

U.K. targeting lawyers, accountants in illicit funds crackdown

The British government says it is targeting accountants, lawyers and real estate agents who help hide dirty money as part of an increasingly aggressive effort to crack down on illicit fund flows from Russia, China and elsewhere.

September 13
Accounting firm networks

Ernst & Young sets record in earning $34.8B in global revenue in FY18

EY achieved its eighth consecutive year of growth.

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

September 13
Accounting

National Society of Accountants elects new leaders for 2018-2019

The National Society of Accountants named a new president, two vice president and a secretary-treasurer for 2018-2019.

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

September 12
Accounting firm services

Marcum certifies Guinness world record honoring 9/11 hero

For the debut episode of new show “Breaking History," firm partner John Hughes and manager Nicholas O’Rourke served as witnesses for the record attempt.

By Danielle Lee
Editor-in-Chief

September 11

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.