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.

SaaS

Armanino now provides Workiva Wdesk to its clients

The firm plans to use the platform for SOX and other GRC areas of concern.

By Ranica Arrowsmith
Technology Editor

March 22
AT Think 4 tech considerations in preparing for new rev rec standard

A controller shares the lessons learned as she readied her own company.

March 22

Trish Coughlin

Workday
AT Think SEC regulators should adopt global financial reporting language for better business

While issues of immigration, trade and freedom of the Fourth Estate are dominating the media cycle, there are other significant areas of policy flux worthy of consideration as President Donald Trump’s term gathers momentum.

March 21

Alex Malley

CPA Australia
Audit

Senators reintroduce legislation to make PCAOB disciplinary proceedings public

Sen. Jack Reed, D-R.I., and Chuck Grassley, R-Iowa, want to make the Public Company Accounting Oversight Board’s actions against auditing firms and auditors more transparent.

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

March 21
AT Think Tax Strategy: Is a more restrained use of substance-over-form now a trend?

The Summa Holdings ruling may be part of a broader push back against the doctrine.

March 21

George G. Jones

Wolters Kluwer US, Tax & Accounting
Accounting standards

GASB addresses various accounting issues in omnibus statement

The Governmental Accounting Standards Board has released an “omnibus” statement providing guidance on a wide range of accounting and financial reporting issues that have been uncovered during the implementation and application of some of GASB’s earlier pronouncements for state and local governments.

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

March 20
Tax season

Tax season by the numbers

This year’s filings are still behind last year; more and more tax pros won’t be vacationing after April 18; and other statistics as of the middle of the this year's filing period.

March 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.