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.

Accounting standards

FASB offers more accounting guidance on new tax law

Four more Staff Q&A documents deal with various financial accounting and reporting implementation issues.

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

January 22
Accounting firm networks

Baker Tilly sees global revenue grow to $3.4B

Baker Tilly International reported Monday worldwide revenue grew 6.4 percent across its global network of accounting firms, reaching $3.4 billion by the end of last year.

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

January 22
Audit

Hong Kong targets tighter scrutiny of listed companies’ auditors

Hong Kong, which has faced a slew of criticism on company financial reporting, is set to create a new framework to oversee auditors of listed entities in the city.

January 19
CECL

Banks brace for CECL standard

Financial institutions are getting ready for the Financial Accounting Standards Board’s new credit loss standard, though some are dragging their heels, even as the effective date approaches.

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

January 18
Accounting standards

FASB proposes income tax accounting fixes for new tax law

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.

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

January 18
Accounting standards

Finance execs worried about internal controls and lease accounting

Internal controls, the new lease accounting standard and cybersecurity are just some of the issues keeping financial executives up at night, according to a new survey by KPMG.

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

January 17
AT Think Changing revenue rules: A business perspective

With 2018 now upon us, the new revenue recognition standard could have a big impact on your company and your finance team.

January 17

Dawid Sawicki

Moore Stephens LLP

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.