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

PCAOB makes major changes to auditor’s report

The new model includes discussion of 'critical audit matters,' the length of the auditor's tenure, and new standardized language and formatting.

By Daniel Hood
Editor-in-chief

June 1
Audit

AICPA calls for assurance research proposals

The Institute and their Assurance Research Advisory Group (ARAG) will provide up to $15K of funding to winners.

By Sean McCabe
Senior Editor

June 1
AT Think Your future in the accounting profession

Prof. J. Edward Ketz's commencement address at Penn State offers lessons for all young accountants.

June 1

J. Edward Ketz

The Pennsylvania State University
AT Think The Spirit of Accounting: A tale of two theories of evidence

A legal mindset may be behind managers' poor financial reporting habits.

June 1

Paul B.W. Miller

University of Colorado and Colorado Springs
AT Think The barriers to innovation

Taking a ‘Radical’ firm to the next level requires agility.

June 1

Jody Padar

"The Radical CPA"
AT Think Preparing for FASB changes to revenue recognition and lease accounting

Companies should begin to plan now how to incorporate the new standards and update procedures for the Financial Accounting Standards Board’s accounting updates on two significant topics: revenue recognition and lease accounting.

May 31

Michael Mathieson

Valuation Research Corporation
Non-profits

Case Studies: Accounting software for nonprofits

Two users share their experiences with NFP accounting solutions.

By Ranica Arrowsmith
Technology Editor

May 31

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.