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.

AT Think Sustainability: How CPAs can be part of a global conversation

The United Nations Academic Impact and MLOW provide an example to follow.

August 10

Sean Stein Smith

Lehman College
AT Think Lessons learned on the path toward revenue recognition implementation

Many accounting and finance professionals are in high gear preparing their organizations and clients for the transition.

August 9

Dusty Stallings

PwC
Financial reporting

Noble's giant writedown proves Iceberg right after 2-year fight

In early 2015, a previously unknown entity published a series of scathing reports attacking the accounting practices of a Hong Kong commodity trader.

August 9
AT Think The IT team: A firm’s most important asset

Whether its an in-house or outsourced group, technology staff are an often overlooked value-added service for clients.

August 9

V. Allen Smith

Baker Tilly Virchow Krause, LLP
Tax preparers

IRS schedules e-Services outages

The tools will be unavailable for several days later this month.

By Jeff Stimpson
Freelance writer

August 8
Accounting regulations

IFAC offers guidance on regulatory models for accounting

The advice is aimed at helping professional accounting organizations work more effectively with governments and regulators.

By Daniel Hood
Editor-in-chief

August 7
AT Think New accounting standard makes tax waves for Fortune 500

Companies like Facebook and Google parent Alphabet are seeing a significant drop in their GAAP tax rate.

August 7

Allyson Versprille

Bloomberg Tax

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.