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

KPMG South Africa fights for survival as public image shattered

KPMG LLP’s South African unit is flying in trouble shooters from around the globe and hurriedly meeting clients to stem any further loss of business after becoming embroiled in three evolving scandals.

April 18
Accounting standards

Top questions for investors about revenue recognition

The CFA Institute has some advice for investors about the main questions they should be asking about the new revenue recognition standard.

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

April 16
Audit

KPMG South Africa audits own staff after breaking public trust

All staff will face background checks every two years to try improve the firm's reputation.

April 16
CECL

Regulators to phase in capital treatment of credit losses

Bank regulators propose to allow banks to phase in capital treatment of credit losses over three years.

By John Heltman
Washington Bureau Chief

April 13
AT Think Autopsies without blame

Don’t point fingers when something goes awry. Focus on your firm’s systems and processes so the same mistakes don’t keep popping up.

April 13

Kyle Walters

L&H CPAs and Advisors
AT Think Thinking about becoming an accounting professor?

Accountants must jump a couple of major hurdles to start teaching.

April 13

James B. Biagi

Stevens Institute of Technology
AT Think Don’t be a numbers person: Be a ‘complexity filter’

Clients don’t care how much you know about accounting; they care how much you know about their situation.

April 13

Kyle Walters

L&H CPAs and Advisors

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.