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 Revenue recognition: 3 areas of focus for 2018

With 2018 upon us and the extraordinary effort we’ve put in to get us past the public company deadline for the new revenue recognition standards, I’d like to highlight three longer-term considerations for companies to keep in mind as they continue to report and operate under the new rules.

February 13

Dusty Stallings

PwC
Audit

Singhs said to have taken $78M from Fortis Healthcare

India’s tycoon Singh brothers took at least 5 billion rupees ($78 million) out of the publicly traded hospital company they control without board approval about a year ago, people with knowledge of the matter said.

February 12
AT Think Artificial intelligence: Will your firm be a disrupter or will it be disrupted?

AI can be a problem for some CPA firms, particularly for those concentrated on attest services, which already have thin margins.

February 12

Dom Esposito

Esposito CEO2CEO, LLC
Audit

Deloitte and Moss Adams attracted the most SEC audit clients in 2017

The Big Four firm had the larger number of new clients for the year, but the Seattle firm netted the most.

By Daniel Hood
Editor-in-chief

February 12
Trump tax plan

Audit committees eye tax reform impact on companies

Audit committees at public companies should be aware of some of the accounting implications of the new Tax Cuts and Jobs Act, according to a new report from Ernst & Young.

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

February 8
AT Think IFRS 16 compliance presents the choice to be outstanding

What is IFRS 16, how will it affect your business and what do you need to do to ensure your leasing arrangements remain compliant?

February 8

Jonathan Drew

Seal Software
Payroll software

Gusto introduces Gusto for Partners

The new dashboard allows accountants to offer concierge-supported payroll and HR services to their clients.

By Ranica Arrowsmith
Technology Editor

February 6

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.