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.

Audit

Auschwitz 'Accountant' Convicted over Deaths of 300,000 Jews

A 94-year-old man who was once a Waffen SS volunteer at Auschwitz was convicted for aiding in the murder of more than 300,000 Jews at the camp and sentenced to four years in prison.

July 16
Audit

Deloitte Prepares Firm for 'Audit of the Future'

Deloitte & Touche chairman and CEO Joe Ucuzoglu, who leads Deloittes audit practice, is preparing the firm for the audit demands of the future, with the help of sophisticated technology.

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

July 10
Audit

FASB Votes to Defer Revenue Recognition Standard

The Financial Accounting Standards Board has voted to defer the effective date of the revenue recognition standard for one year.

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

July 9
Audit

U.K. Accounting Watchdog Probes RSA's Irish Scandal

The U.K. Financial Reporting Council is investigating former employees of RSA Insurance Group Plcs Irish unit regarding accounting irregularities in 2012.

July 7
Audit

Noble Group Sets Review Panel to Check Accounting; PwC Hired

Noble Group Ltd. appointed PricewaterhouseCoopers LLP to review how it values some of its assets after criticism of the Asian trading companys accounting practices.

July 7
Audit

IFRS Foundation Reconsiders Structure and Effectiveness

The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board, are reassessing its structure and effectiveness.

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

July 7
AT Think Companies Make Way for New Revenue Recognition Standard

Accountants are getting ready to implement the new revenue recognition standard, even though a one-year delay on the date it takes effect seems all but certain.

July 6

Michael Cohn

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.