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 The why, what and how of CAS

Client accounting services are the new revenue segment you cannot afford to miss.

April 13

Hitendra Patil

Accounteneur
AT Think Building a thriving payroll practice: A practitioner’s perspective

Oklahoma CPA Tyler Winn shares four strategies for success in this popular service area.

April 13

Tyler Winn

Cirrus Payroll
AT Think How FASB’s new ASC 842 transition option will affect lessees and investors

The new method would provide an alternative to the modified retrospective transition method.

April 11

Michael Keeler

LeaseAccelerator
Regtech

ACL wins awards for strategy, compliance and audit

The prizes, which recognize excellence in governance, regulation and compliance, were presented by the research company GRC 20/20.

By Ranica Arrowsmith
Technology Editor

April 11
Financial regulations

IFAC estimates fragmented regulations cost $780B

The International Federation of Accountants claims regulatory divergence is dampening economic growth.

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

April 11
Corporate ethics

IESBA rewrites code of ethics for accountants

The International Ethics Standards Board for Accountants has released a new code of ethics for accountants that’s been rewritten to make it simpler to navigate, use and enforce.

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

April 10
Audit

U.K. audit regulator ups fines to £10M for Big Four

The United Kingdom’s Financial Reporting Council, which oversees auditing firms, said Monday it is implementing the recommendations of an independent review of sanctions for auditors, accountants and actuaries, which include increasing the fines to £10 million ($14.1 million) or more for “seriously poor audit work” by a Big Four firm.

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

April 9

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.