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.

Audit

PwC fined $6.6M in largest-ever penalty from U.K. watchdog

PricewaterhouseCoopers LLP was fined 5.1 million pounds ($6.6 million) for misconduct over its audit of RSM Tenon Group Plc in the largest-ever sanction issued by the U.K. accounting regulator.

August 16
Tax preparers

Latino tax pros ally with Paychex for payroll, HR

Members of the Latino Tax Professionals Association now have access to many more resources.

By Jeff Stimpson
Freelance writer

August 15
Tax preparation

H&R Block offers prep scholarships to military spouses

The tax prep chain granted more than $200,000 in similar funds in 2016.

By Jeff Stimpson
Freelance writer

August 15
Data security

CSTC partners to protect tax pros from hackers

California Society of Tax Consultants members can now get VeriFyle for free.

By Jeff Stimpson
Freelance writer

August 15
Audit

International standard-setters aim to increase professional skepticism

Three international standard-setting boards for auditing, accounting ethics and accounting education issued a new publication Monday in the hopes of making accountants and auditors more skeptical of management assertions.

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

August 14
Corporate taxes

6 tax tips for startups

A checklist for clients who are looking to launch a new business.

August 12
Accounting regulations

Doty to remain at PCAOB for search, transition

SEC Chair Jay Clayton calls for nominees for open board spots.

By Daniel Hood
Editor-in-chief

August 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.