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 standards

AICPA proposes attestation procedure standard and revenue recognition guidance

The American Institute of CPAs’ Accounting and Review Services Committee has published an exposure draft of a proposed standard on procedures for attestation engagements, while its Financial Reporting Executive Committee has issued working drafts of some of its industry-specific guidance for various industries.

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

September 1
Government accounting

Practice Profile: The politics of perseverance

How TFC Consulting evolved into a top government-contracting firm.

By Danielle Lee
Editor-in-Chief

September 1
Accounting standards

Revenue recognition standard could contribute to health care fraud

The revenue recognition standard that takes effect next year could help health care providers and regulators identify instances of Medicare and Medicaid fraud by subjecting their financial statements to new scrutiny, although in some ways the new rules could also spur some forms of fraud.

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

August 31
AT Think Moving from services to products

The future lies in becoming a product-management firm.

August 31

Jody Padar

"The Radical CPA"
Accounting firm services

Disruption doesn’t have to be a dirty word for accountants

The ICPAS’s Todd Shapiro spots opportunities in change.

By Daniel Hood
Editor-in-chief

August 31
Accounting software

New Products: Meet Liscio

New client platforms, audit defenses, storytelling guides and more software, hardware, books and services for accountants.

By Daniel Hood
Editor-in-chief

August 31
AT Think Planning to become a better CPA

Professional growth doesn't come from outside -- it requires a strategy.

August 31

Bill Tsotsos

BD Consultants

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.