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.

Corporate taxes

Senators ask FASB to require multinationals to disclose more tax info

A group of seven Senate Democrats and one independent has written a letter to the Financial Accounting Standards Board asking FASB to require multinational corporations to disclose their taxes, profits, and revenues on a country-by-country basis, echoing a recent letter from a group of House lawmakers.

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

October 17
Tax preparation

IRS reaches out to tax pros on questionable returns

The service will also be warning preparers about due diligence requirements.

By Jeff Stimpson
Freelance writer

October 17
Audit standards

Auditors prepare for PCAOB audit reporting changes

Companies and their auditors are getting ready for the Public Company Accounting Oversight Board’s new audit reporting model, despite uncertainty over whether the Securities and Exchange Commission will approve the new standard.

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

October 16
Audit

PCAOB eyes biggest risks in upcoming inspections

The Public Company Accounting Oversight Board will be looking out for some major risk areas at audit firms in the months ahead.

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

October 16
AT Think What accountants need to know about blockchain

It is a lot more than bitcoin, and will potentially transform the profession.

October 16

Sean Stein Smith

Lehman College
AT Think Ineffective partners and how to deal with them

When others in the firm see ineffective partners endure year after year and overstay their welcome, it's demoralizing.

October 16

Dom Esposito

Esposito CEO2CEO, LLC
AT Think The Tech Take: How one firm survived Harvey and Irma

PMB Helin Donovan’s Houston offices (and Atlanta-based data) emerged from hurricane season unscathed, due to a decision made three years ago to move to a cloud-hosted environment.

October 16

Ranica Arrowsmith

Accounting Today

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.