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.

Technology

Accounting leaders tap technology as top concern

Top figures in the field are concerned about the impact of Blockchain and artificial intelligence — but they are also still concerned about staffing shortages.

By Daniel Hood
Editor-in-chief

September 25
CPAs

CliftonLarsonAllen manager receives 2017 PICPA 'Young Leader' award

Jennifer Feist-Johns, of the firm's Philadelphia office, was recognized for her leadership.

September 25
Accounting firm services

PwC to launch law firm

The unit will be a separate legal entity, and won’t advise on U.S. legal issues.

By Daniel Hood
Editor-in-chief

September 24
International business

KPMG Int’l to launch investigation into S. African firm

The Big Four network will examine its local member's work in certain engagements, as well as its entire client roster.

By Daniel Hood
Editor-in-chief

September 24
International accounting

KPMG under fire in S. Africa for work done for Gupta family

The Big Four firm's involvement with a wealthy family is putting it under pressure.

September 22
Accounting standards

FASB releases hedge accounting standard

The Financial Accounting Standards Board has released its long-awaited hedging standard, the final component of its financial instruments convergence project with the International Accounting Standards Board.

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

September 22
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

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.