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.

Accounting standards

FASB updates accounting for callable debt securities

The Financial Accounting Standards Board has released an accounting standards update that changes the treatment of the amortization of premiums for purchased callable debt securities, shortening the amortization period for the premium to the earliest call date.

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

March 30
SEC regulations

SEC appoints Deloitte's Sagar Teotia as deputy chief accountant

The Securities and Exchange Commission has tapped Deloitte partner Sagar S. Teotia as deputy chief accountant in the SEC's Office of the Chief Accountant.

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

March 30
Practice management

PwC keeps job counting Oscar ballots

The Academy of Motion Picture Arts and Sciences has decided to retain PricewaterhouseCoopers as its official Oscar ballot accounting firm, despite the high-profile snafu last month in which the wrong Best Picture winner was announced.

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

March 29
AT Think 13 things emotionally connected internal auditors don’t do

Internal auditors have a tough job—they have to enter a team and gain full trust and transparency in a limited amount of time.

March 29

Lola Gershfeld

Level Five Executive
Employee retention

Once you find Millennials, you have to keep them

Recruiting young professionals is hard, but retaining them can be even tougher.

By Sean McCabe
Senior Editor

March 29
Audit

PCAOB sanctions former Deloitte Brazil heads

The Public Company Accounting Oversight Board has disciplined the former chief executive officer and chairman of Deloitte’s Brazil firm for failing to cooperate with a PCAOB investigation.

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

March 29
AT Think Top challenges for implementing the new revenue recognition rules

As companies prepare for the new accounting standard that takes effect in 2018, there’s no shortage of apprehension among financial executives.

March 29

Dusty Stallings

PwC

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.