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.

Practice management

Deloitte Tax acquisition boosts fiduciary trust services

The Big Four firm has acquired certain assets of boutique firm Trust Processing Solutions, based in Cincinnati.

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

July 14
Audit

IESBA, IAASB form expert groups on sustainability standards

The International Ethics Standards Board for Accountants and the International Auditing and Assurance Standards Board set up technical groups for their standards.

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

July 10
Audit

Auditors with unusual names deviated from rules, study finds

Auditors with uncommon first names tended to take a divergent approach to the rules, reducing earnings comparability, according to a new study.

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

July 10
AT Think The accountant's advantage over technology in fraud prevention

Fraud prevention demands more than data analysis; it requires leadership, cultural development and strategic foresight.

July 9

Vinícius Alves de Melo

Carlos Contábil
AT Think In the blogs: It is done

OBBBA and gambling; a billing lesson from bookkeeping; BOI 2.0; and other highlights from our favorite tax bloggers.

July 8

Jeff Stimpson
Audit

IAASB revises auditor fraud standard

The International Auditing and Assurance Standards Board has revised its standard on the auditor's responsibilities relating to fraud.

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

July 8
Deloitte

CFO optimism dropped in Q2

The number of CFOs who say now is a good time to take greater risks plummeted to 33% in the second quarter, down from 60% in Q1, according to a Deloitte survey.

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

July 8

Resources

The latest Accounting Today research and discussion:

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
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

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.