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 fraud

Samsung arm faces criminal probe after breaking accounting rules

Samsung Group’s biotechnology unit is facing a potential criminal investigation and delisting after South Korea’s financial regulator said that the company “intentionally” violated accounting rules surrounding an initial public offering.

November 14
AT Think 5 ways standardizing technology gives firms a competitive edge

Often, new clients ask that accounting firms work with their existing back-office technologies, opening the door to countless headaches, frustrations and inefficiencies for the firm.

November 14

Pete Potsos

Bill.com
Financial reporting

SEC looking at Trump proposal on quarterly financial reporting

Securities and Exchange Commission Chairman Jay Clayton and chief accountant Wesley Bricker weighed in on a proposed change in the reporting cycle for public companies.

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

November 12
Accounting students

GSCPA hosts 2018 'Rising Professionals'

The Georgia Society of CPAs recently held its fourth annual program for educating high school students on accounting and the life of CPAs.

By Sean McCabe
Senior Editor

November 12
They need you – they’re just not always sure what for

The 2018 Small Business Accounting Insights study uncovers accountants’ clients’ biggest needs.

Sponsored by SurePayroll
Accounting standards

Companies behind schedule on revenue recognition and leasing standards

A new report from PwC finds businesses still scrambling to meet the deadlines.

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

November 12
Audit

Merger puts Marcum far in the lead in Q3 SEC engagements

The Top 100 Firm’s July combination with Texas’ GBH CPAs brought 21 new clients.

By Daniel Hood
Editor-in-chief

November 9

Resources

The latest Accounting Today research and discussion:

Accounting firm services

Practice management

Consulting
Trusted Advisor 2.0

By Daniel Hood

September 28
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.