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.

Obamacare

The ACA: Still the law, and likely to stay that way for a while

The Republicans are in a strong position to torpedo Obamacare – but not right away. In the meantime, you and your clients still need to comply.

By Roger Russell
Senior Editor

December 22
Payroll

Paychex’s Q2 revenues up 7%

The payroll provider saw the fastest growth in human resource services.

By Daniel Hood
Editor-in-chief

December 22
Accounting standards

FASB improves guidance on rev rec

The standard-setter aims to clarify several aspects of Topic 606.

By Daniel Hood
Editor-in-chief

December 22
CPAs

Connecticut society honors young CPAs

The CSCPA recognized three under-35 accountants -- Mindyleigh Vail, Sarah Stover and Kenneth Healy -- for their contributions to their workplaces, their communities and the profession.

By Daniel Hood
Editor-in-chief

December 22
Tax prep software

Case studies: tax workflow

Three firms discuss how tax workflow platforms increased efficiency.

By Ranica Arrowsmith
Technology Editor

December 21
AT Think Tax Strategy: A Top 10 list of 2016 developments ready for 2017

For 2017, carryover from 2016 not only includes the usual reporting and compliance issues related to the tax year just ending, but also those tax changes and issues begun in 2016 that are by no means finished at year's end.

December 20

George G. Jones

Wolters Kluwer US, Tax & Accounting
Audit

Study favors PCAOB audit engagement partner disclosure rule

Investors and regulators will benefit from a new Public Company Accounting Oversight Board regulation requiring firms to disclose the lead engagement partner on an audit, according to a new academic study.

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

December 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.