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 firm networks

KPMG sees global revenues reach $26.4B

KPMG International reported Thursday its worldwide revenue grew 5 percent in local currency terms to a record level of $26.4 billion the fiscal year ending Sept. 30, 2017.

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

December 14
Recruiting

Ernst & Young steps up recruitment of disabled and autistic employees

Ernst & Young has been reaching out to recruit and hire more people with disabilities, including workers on the autism spectrum.

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

December 13
Audit

SEC names new PCAOB chairman and members

The Securities and Exchange Commission has appointed William Duhnke to succeed James Doty at the Public Company Accounting Oversight Board.

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

December 12
CPAs

FICPA announces 2017 'Emerging Leaders' graduates

The Florida Institute of CPAs hosted 32 up-and-coming professionals at a summit earlier this month.

By Sean McCabe
Senior Editor

December 11
Artificial Intelligence

Data science: The next evolution for accountants?

To keep up with the changes to come from artificial intelligence, firms will need to boost their skills around information.

By Daniel Hood
Editor-in-chief

December 11
Accounting fraud

Steinhoff’s Wiese said to be in talks for standstill on loan after accounting scandal

Steinhoff International Holdings NV Chairman Christo Wiese, seeking to stabilize the embattled retailer, is negotiating a standstill agreement on a 1.5 billion-euro ($1.8 billion) margin loan under which banks would suspend the sale of stock until next year, according to people with knowledge of the discussions.

December 11
Accounting firm services

Asgeirsson: See the opportunity in technology

Accountants need to look beyond disruption to leverage the power of emerging tools and software.

By Daniel Hood
Editor-in-chief

December 11

Resources

The latest Accounting Today research and discussion:

Accounting firm services

Practice management

Consulting
Trusted Advisor 2.0

By Daniel Hood

September 28
Beyond the Buzz: Moving from AI Hype to Meaningful Impact

Weaving AI into client records, workflows, documents, and billing allows accounting firms increase to by offering client accounting services. Learn why an integrated platform outperforms standalone accounting solutions.

Partner Insights from Canopy
Beyond Research: Unlocking Hidden Value from AI

Generative AI adoption among accounting firms doubled in just one year. But many firms are barely scratching the surface, using AI primarily for tax research rather than to reimagine workflows

Partner Insights from Thomson Reuters

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.