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.

Bitcoin

IRS signs contract to track bitcoin transactions

The Internal Revenue Service has signed a contract with a company called Chainalysis that offers software for analyzing and tracking bitcoin transactions.

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

August 28
Cyber attacks

Don’t expose yourself: Liability risks for accountants change daily

One of the most important sources of protection? The humble engagement letter.

By Roger Russell
Senior Editor

August 28
AT Think First principles: What do accountants really do?

A deeper into look at your firm's skills and services may reveal some surprises.

August 28

Daniel Hood

Accounting Today
AT Think Boomer’s Blueprint: Who is providing your technology vision?

Digital transformation requires a management team that fills all the necessary niches.

August 28

L. Gary Boomer

Boomer Consulting Inc.
AT Think Referrals are great – if you ask, and ask the right way

It's the easiest way to get new business, but it requires a little work.

August 28

John P. Napolitano

Napier Financial
AT Think Pathways to Growth: Early adopter programs fuel new services

These trial offerings give firms with a way to introduce a new practice area, get feedback and make adjustment before releasing it widely.

August 25

Gale Crosley

Crosley+Company
Accounting standards

SEC updates guidance on revenue recognition

The Securities and Exchange Commission has released a staff accounting bulletin to conform its existing staff guidance to the new revenue recognition standard that takes effect for public companies at the end of the year.

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

August 24

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.