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

Deloitte sees global revenue reach $38.8B

Deloitte saw its global annual revenue reach $38.8 billion in the fiscal year ended May 31, 2017, a $2 billion increase over the prior year.

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

September 14
AT Think Increasing the CPA pipeline through early-stage accounting education

Academia has a major role to play in ensuring the future of the profession.

September 13

Charlotte Roberts

Roger CPA Review
Accounting standards

FASB sets up web page for implementing new standards

The Financial Accounting Standards Board has created a new web page to help companies implement its new standards.

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

September 13
AT Think FASB's clarification of the definition of a business has wide implications

A recent accounting standards update helps entities evaluate whether transactions should be accounted for as acquisitions or disposals of assets or as businesses.

September 12

Charles Sapnas

Valuation Research Corporation
Tax reform

Board members divided on tax reform, accounting and audit matters

More than three-quarters of directors at public companies polled by BDO USA expect a tax overhaul to be achieved before the end of Trump’s term in office, but only 22 percent anticipate it will happen before the end of this year.

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

September 12
Tax preparation

Together or alone? Preparing returns in front of clients

Tax pros differ over whether they want the taxpayer present for their process.

By Jeff Stimpson
Freelance writer

September 12
Corporate ethics

Proposed ethics revision would prohibit bribing accountants

The International Ethics Standards Board for Accountants is suggesting a set of changes prohibiting inducements.

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

September 11

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.