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.

Lawsuits

Arthur Andersen accuses Andersen Tax of forgery

The French company that claims to hold the trademarks of the former Big Five accounting firm Arthur Andersen & Co. sent Accounting Today a copy Friday of the lawsuit it filed against Andersen Tax over the rights to the Andersen brand, alleging the use of forged documents and an attempt to obtain court rulings using forgeries.

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

June 23
AT Think AICPA Engage: A 'Let's Get Radical' round-up

Jody Padar shares her many insights from the recent Las Vegas conference.

June 23

Jody Padar

"The Radical CPA"
AT Think Confessions of a Millennial CPA: Your performance review is irrelevant

David Isaacs explains how an annual evaluation can go way beyond a simple piece of paper.

June 23

David Isaacs
Accounting standards

FASB proposes changes to consolidation guidance

The Financial Accounting Standards Board has proposed an accounting standards update to reduce the cost and complexity of financial reporting related to the consolidation of variable interest entities, based on recommendations from FASB’s sister organization, the Private Company Council.

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

June 22
Accounting

Walt Frazier meets the accountants

The NBA legend says star athletes need solid financial advice.

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

June 21
CFPs

CFP Board drafts revised code of conduct

The Certified Financial Planner Board of Standards has proposed a set of revisions to its Standards of Professional Conduct setting ethical standards for CFPs.

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

June 20
Audit

Ukraine blames PwC as Privatbank said to need more capital

Already reeling from a $4.5 billion bill to save its ailing No. 1 lender, Ukraine is now bracing for an even costlier rescue, and says audits by PwC’s local office were instrumental in the bank’s failure.

June 20

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.