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

1MDB audits don’t show ‘true and fair’ assessment, KPMG says

The withheld information would have “materially impacted” the assessments had it been made available to the auditor, KPMG said in a letter to the fund.

June 26
AT Think Tax Strategy: Uncertainties continue in tax planning for 2018

The Tax Cuts and Jobs Act may have lots of good news for taxpayers, but it also requires answers to a number of questions.

June 25

Mark A. Luscombe

Wolters Kluwer Tax & Accounting
International accounting

New Xerox CEO calls Fujifilm moves to renew talks ‘delusional’ after audit

Xerox Corp.’s Chief Executive Officer John Visentin blasted his Fujifilm Holdings Corp. counterpart’s efforts to revive merger talks and warned he doesn’t plan to renew the companies’ Asia joint venture in 2021.

June 25
AT Think Art of Accounting: Getting started with marketing

Marketing success, or success in any endeavor, does not just appear. It needs deliberate planning and execution.

June 25

Edward Mendlowitz

Withum
CPAs

CalCPA inaugurates new chair and elects Education Foundation president

The California Society of CPAs elected Eileen Pastenieks as president of its Education Foundation for 2018-19 during its annual members meeting in Los Angeles, where the group also heard from Lewis Sharpstone, the chair of CalCPA for 2018-19.

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

June 25
Practice management

Summer reading for accountants – 2018

The experts at ConvergenceCoaching share some of the best reads for the profession.

By Daniel Hood
Editor-in-chief
CPAs

Accountants to Watch: Sarah Krom

The youngest-elected president of the New Jersey Society of CPAs look to close "the gap between the generations."

By Sean McCabe
Senior Editor

June 22

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.