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.

Practice management software

The evolution of practice management software

Modern PM systems are growing to encompass more and more aspects of a firm.

By Ted Needleman
Contributing editor

July 3
Audit

U.K. regulator opens probe into PwC audits of BT’s books

The U.K. Financial Reporting Council opened an investigation into PricewaterhouseCoopers LLP’s audits of BT Group Plc over three years following an accounting scandal in the carrier’s Italian unit that led to a writedown of 530 million pounds ($687 million).

June 30
Audit

KPMG watched as Guptas moved South Africa public funds for wedding

KPMG South Africa failed to raise the issue when businesses controlled by the Gupta family—friends of President Jacob Zuma—diverted the equivalent of $3.3 million of public money to pay for a family wedding and their auditing firm, documents show.

June 30
Practice management

Small accounting firms are dealing with some big headaches

Life can be tough for smaller and solo practices, but for every development and obstacle, there are opportunities out there, too.

By Sean McCabe
Senior Editor

June 30
Tax reform

Getting ahead of tax reform

Moves for business and individual clients to make before Washington changes the code.

By Roger Russell
Senior Editor

June 30
ERP software

Intacct extends contract on foreign exchange data with Oanda

International organizations are the ERP platform provider's fastest growing customer base.

By Ranica Arrowsmith
Technology Editor

June 29
Corporate philanthropy

Rodman CPAs donates to Fenway High School in Boston

The accounting firm supported the 'Extending Excellence' tutoring program with a $500 gift.

By Sean McCabe
Senior Editor

June 29

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.