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.

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
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

Resources

The latest Accounting Today research and discussion:

Accounting firm services

Practice management

Consulting
Trusted Advisor 2.0

By Daniel Hood

September 28
Beyond the Buzz: Moving from AI Hype to Meaningful Impact

Weaving AI into client records, workflows, documents, and billing allows accounting firms increase to by offering client accounting services. Learn why an integrated platform outperforms standalone accounting solutions.

Partner Insights from Canopy
Beyond Research: Unlocking Hidden Value from AI

Generative AI adoption among accounting firms doubled in just one year. But many firms are barely scratching the surface, using AI primarily for tax research rather than to reimagine workflows

Partner Insights from Thomson Reuters

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.