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 makes targeted changes in accounting standards

Board releases a set of narrow modifications to clarify various rules.

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

December 20
Accounting standards

FASB issues GAAP taxonomy

The Financial Accounting Standards Board has released the 2017 GAAP Financial Reporting Taxonomy, although final acceptance by the Securities and Exchange Commission is still pending.

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

December 20
Certified Management Accountants

Immigration risks challenge business accountants

Managing the risks surrounding immigration is among the significant challenges facing businesses and their accountants, according to a recent survey.

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

December 15
Accounting fraud

Ex-Tesco director Grace said to avoid charge in accounting probe

The U.K. Serious Fraud Office dropped its case against former Tesco Plc group commercial director Kevin Grace without charges, a sign the prosecutor may be getting close to ending its probe into accounting practices that caused the grocer to overstate its profit by as much as 326 million pounds ($407 million).

By Bloomberg News

December 15
Employee retention

5 keys to better retention

Holding on to younger staff is harder than ever, and keeping top talent requires a concerted strategy.

By Tom Rogowski
Senior business development director

December 15
Audit

PCAOB censures Deloitte's Netherlands firm

The Public Company Accounting Oversight Board is disciplining Deloitte Accountants NV, imposing a civil monetary penalty of $300,000 on the Netherlands member of the Deloitte Touche Tohmatsu Limited network.

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

December 14
AT Think Debt and equity financings: A primer to prevent accounting surprises

A basic understanding of the accounting considerations related to debt and equity instruments is critical for organizations seeking funding.

December 13

Joshua Verni

CFGI

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.