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.

M&A

A prime challenge in M&A: Retaining the clients

Practitioners discuss how to hold onto an acquired book of business.

By Jeff Stimpson
Freelance writer

October 6
Audit standards

PCAOB offers auditors guidance on rev rec standards

A staff alert highlights the board’s requirements for auditors, among other things.

October 5
Accounting firm services

Keeping up with the rise in consulting

More firms are exploring advisory services, but they require some important adjustments, experts say.

By Daniel Hood
Editor-in-chief

October 5
International accounting

KPMG South Africa finds no evidence errors are 'systemic'

An internal probe found that mistakes in two high-profile engagements did not run throughout its business.

October 5
International accounting

IFRS Foundation shares case studies to improve communication in reporting

The report is part of IASB’s better communication in financial reporting initiative.

By Danielle Lee
Editor-in-Chief

October 5
Accounting firm networks

PwC sees global revenue grow to $37.7B

PricewaterhouseCoopers reported 7 percent revenue growth worldwide Wednesday for fiscal year 2017, reaching a record $37.7 billion.

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

October 4
Accounting software

Expensify and Datamolino added to list of curated apps in Xero HQ

This brings the number of hand-picked app partners to 11.

By Ranica Arrowsmith
Technology Editor

October 4

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.