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.

International accounting

BDO Canada Merges in Majewski Shaler

BDO Canada LLP has merged in Majewski Shaler & Co., a Vancouver-based accounting practice.

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

November 10
International accounting

BDO Canada Acquires H&A Forensic Accounting

BDO Canada LLP has acquired H&A Forensic Accounting, a Toronto-based professional forensic accounting and advisory firm.

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

November 9
Audit

Toshiba Sues Three Former Presidents over Accounting Scandal

Toshiba Corp. sued three former presidents as the maker of personal computers and power plants tries to recover from accounting irregularities that have led to profit write-downs of more than $1.2 billion over almost seven years.

November 9
Audit

PCAOB Deal to Inspect Chinese Audit Firms Hits a Roadblock

A key accounting safeguard intended to protect U.S. investors who buy shares of Chinese companies is close to unraveling.

November 6
Audit

The Spirit of Accounting

To Paul Pacter: It's the ends that matter, not the means

November 5
AT Think IFAC Envisions Integrated Thinking’ for Accountants

The International Federation of Accountants has published a paper calling for more integrated thinking by accountants.

November 4

Michael Cohn
Audit

AICPA Points to Industry Implementation Issues for Revenue Recognition Standard

The American Institute of CPAs Financial Reporting Executive Committee has released for comment working drafts of revenue recognition implementation issues it has identified for the aerospace and defense industry and the investment asset management industry.

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

November 2

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.