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 FASB Technical Corrections Signal Progress on New Rev Rec Standard

The Financial Accounting Standards Boards recent set of proposed technical corrections to its revenue recognition standard are a sign that more companies are getting serious about implementing them.

September 28

Michael Cohn
Audit

Sustainability Disclosures Making Headway in Reports

Companies are beginning to revamp their financial reports to incorporate sustainability disclosures in response to demand from investors.

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

September 27
AT Think AICPA Clarifies Pro Forma Compilation Standard

The American Institute of CPAs Accounting and Review Services Committee has finished the last of the standards it has been redrafting and clarifying as part of the AICPAs Clarity Project.

September 26

Michael Cohn
Audit

GASB Proposes Omnibus Statement to Address Wide Range of Accounting Issues

The Governmental Accounting Standards Board proposed guidance Monday to address a broad set of accounting and financial reporting issues to help state and local governments deal with the implementation and application of certain GASB pronouncements.

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

September 26
Audit

FASB Proposes New Rules for Amortization of Debt Securities

The Financial Accounting Standards Board has proposed to amend the amortization period for callable debt securities that are purchased at a premium.

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

September 26
Audit

The Spirit of Accounting

FASBs invitation to comment and the duh-preciation elephant

September 22
Audit

Ex-Tesco Executives to Plead Not Guilty in Accounting Case

Three former Tesco Plc executives will plead not guilty to allegations of accounting fraud, their lawyers said as the men appeared in a London court for the first time since being charged.

September 22

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.