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.

AT Think Recodifying SOC reports: What SSAE No. 18 means for SOC 1s

The new standard is the culmination of the efforts to clarify the various standards for performing attestation engagements.

December 30

Ryan Buckner

Schellman & Co. LLC
Tax practice

Practice Profile: Innovation in action

CohnReznick opens a high-tech lab in New York to creatively solve problems for clients.

By Danielle Lee
Editor-in-Chief

December 30
Practice structure

Your 2017 to-do list

Here's one task for each month of the year to help you build your practice.

By Daniel Hood
Editor-in-chief

December 29
AT Think Boomer’s Blueprint: Being an employer of choice

Talent is the lifeblood of any company, and in the current competitive environment, CPA firms face plenty of challenges to becoming a place people want to join -- and stay.

December 29

L. Gary Boomer

Boomer Consulting Inc.
Accounting fraud

General Cable paying $82.3 million to settle accounting and bribery violations

Kentucky-based wire and cable maker is resolving allegations by the SEC and the Justice Department that it violated internal control requirements and the Foreign Corrupt Practices Act.

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

December 29
Financial reporting

Toshiba's looming writedown wipes out gain from 2016 share rally

Japanese electronics giant can't seem to get past accounting problems.

By Bloomberg News

December 29
Cloud computing

Accounting software in the cloud today — and tomorrow

Online bookkeeping and business applications are taking more and more of the market.

By Ted Needleman
Contributing editor

December 28

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.