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

The 8 big mistakes accountants make

If firms aren’t proactive, it’s all too easy to drive away clients and lose business.

By Bill Tsotsos
Business development strategist

May 19
AT Think Firms need to focus even more on their key clients

Accountants should start building programs to make the most of the 80/20 rule

May 19

Gale Crosley

Crosley+Company
AT Think FEGS: Is the nonprofit’s collapse a debacle, or a cautionary tale?

The demise of the New York charity offers lessons for other NFP organizations, their advisors and their auditors.

May 19

Stephen Franciosa

Iona College
Tax preparers

Tax pros descend on Capitol Hill

More than 100 enrolled agents from nearly 40 states met with lawmakers in Congress to discuss some of the main issues affecting taxpayers and practitioners in an annual event organized by the National Association of Enrolled Agents.

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

May 19
Accounting standards

IASB releases insurance contracts standard

The long-awaited IFRS 17 will provide more consistent treatment for all types of insurance in different countries.

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

May 17
Accounting standards

Jeffrey Previdi appointed as GASB vice chairman

The Financial Accounting Foundation’s board of trustees has named Jeffrey Previdi, a current member of the Governmental Accounting Standards Board, as vice chairman of GASB.

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

May 17
Artificial Intelligence

Deloitte Consulting to collaborate with SAP on digital offerings

The firm plans to develop cutting edge financial technology solutions on SAP’s Leonardo platform.

By Ranica Arrowsmith
Technology Editor

May 17

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.