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.

AT Think Winning new business: How to market yourself as an expert

Developing new business is tough enough for professional services firms, but when those services happen to be accounting, things can get even tougher.

October 10

Lee Frederiksen

Hinge
Accounting fraud

Patisserie chain suspends CFO amid accounting probe, tax demand

U.K. cake baker Patisserie Holdings Plc suspended its chief financial officer after uncovering “significant, and potentially fraudulent, accounting irregularities” and a demand for more than a million pounds in back taxes.

October 10
Audit

Pressure mounts on Big Four auditors as U.K. starts probe

A competition watchdog started investigating the industry a day after another regulator said it was considering banning firms from doing consulting work for the companies they audit.

October 9
AT Think Art of Accounting: Raising staff awareness of firm consulting services

Knowing about the firm's services is important for staff growth, development, morale and discussions with clients.

October 8

Edward Mendlowitz

Withum
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

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.