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 preparers

E-systems maintenance slated for Labor Day weekend

A number of IRS services will be unavailable over the holiday.

By Jeff Stimpson
Freelance writer

August 22
International accounting

IFAC CEO Choudhury sees accountants making an impact globally

International Federation of Accountants CEO Fayezul Choudhury is bringing the influence of accountants to the fore to help solve problems around the world.

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

August 21
AT Think Why succession at accounting firms fails

The problems start with retiring partners, and go on from there.

August 21

Allan D. Koltin

Koltin Consulting Group Inc.
Accounting standards

Thomson Reuters publishes revenue recognition guide

Thomson Reuters has issued PPC’s Guide to Revenue Recognition, a new publication providing guidance to accountants and their clients on the Financial Accounting Standards Board’s new revenue recognition standard.

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

August 21
Audit

AICPA extends due date for comments on employee benefit plan audit standard

The American Institute of CPAs has extended the comment period for its proposed standard for ERISA plan audits for another 150 days.

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

August 18
AT Think Measuring the right marketing metrics

Calculating ROI on a firm’s efforts starts with picking the appropriate statistics.

August 18

Christine M. Hollinden

Hollinden
Audit

PCAOB sees continuing problems with broker-dealer audits

The Public Company Accounting Oversight Board released a report Friday calling attention to high deficiencies among auditors of brokers and dealers.

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

August 18

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.