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.

Tax audits

IRS Collections: A primer for tax preparers

A step-by-step guide for when the service wants more money from a taxpayer.

By Roger Russell
Senior Editor

September 22
AT Think Taking foreign income into account for taxes

Over the past decade, the U.S. government has become much more interested in the ownership of foreign financial accounts.

September 22

Jeffrey D. Moss

Dawda, Mann, Mulcahy & Sadler, PLC
AT Think An ideal combination: Value pricing and higher-value-added services

An inside look at how one firm boosted its sales tax services with a new billing philosophy.

September 22

Andrew Johnson, CPA

Peisner Johnson & Co. LLP
Accounting standards

FASB proposes clarified guidance on consolidations

The board is seeking comment on a proposed Accounting Standards Update

By Daniel Hood
Editor-in-chief

September 21
International accounting

Ex-S. African finance minister calls for full disclosure after meeting KPMG's Veihmeyer

The Big Four firm has agreed to an inquiry by the South African Institute of Chartered Accountants.

September 21
AT Think Boomer’s Blueprint: The firm of now

Focusing on the present is one of the biggest challenges firm leaders face.

September 21

L. Gary Boomer

Boomer Consulting Inc.
Accounting standards

FASB adds projects to technical agenda

The Financial Accounting Standards Board voted Thursday to add three more projects to its technical agenda in the areas of liabilities and equity, financial performance reporting, and segment reporting.

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

September 20

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.