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 A silver lining for CFOs in the current storm of standards

A flood of new accounting regs may be an opportunity to strength a company’s finance architecture.

March 19

Tom Crawford

Aptitude Software
Succession planning

Armanino announces leadership transition

Andy Armanino will step down at the end of 2018; brother Matt will take over in 2019.

By Daniel Hood
Editor-in-chief

March 16
AT Think Redefining what it means to work

Three ways to create a culture of engagement.

March 16

Debbie Roos

ATKG LLP
International accounting

IFRS Foundation and SEC update XBRL taxonomy for 2018

The International Financial Reporting Standards Foundation has released a new set of data tags, while the Securities and Exchange Commission also renewed its files.

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

March 16
Artificial Intelligence

KPMG offers new IBM Watson-enabled accounting tools

The solutions integrate artificial intelligence technology with the Big Four firm’s advisory and tax services.

By Ranica Arrowsmith
Technology Editor

March 15
AT Think Private companies: Are you ready for the new revenue standard?

With less than a year before the rev rec changes become permanent, businesses should take immediate action, if they haven’t done so by now.

March 15

Shawn Panson

PwC
Audit

AICPA releases dual reporting auditing interpretation

The American Institute of CPAs’ Auditing Standards Board has issued an auditing interpretation to help accountants comply with standards from both the AICPA and the Public Company Accounting Oversight Board.

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

March 14

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.