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.

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Private Company Panel Members Appointed

Members have been named to a blue-ribbon panel to provide recommendations on accounting standards for privately held companies.

By WebCPA Staff

February 26
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IN BRIEF

SEC APPROVES ENGAGEMENT REVIEW STANDARD

February 15
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PCAOB Thwarted on Foreign Audit Firm Inspections

At least a dozen major nations including several of the USAs top international trading partners are continuing to slam the door on efforts by the Public Company Accounting Oversight Board to conduct cross-border inspections of non-U.S. audit firms as required by the Sarbanes-Oxley Act.

February 9
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PCAOB Redesigns Web Site

The Public Company Accounting Oversight Board has launched a redesigned and expanded Web site.

By WebCPA Staff

February 4
Accounting standards

PCAOB Offers Q&As on Special Reporting, Succession

The Public Company Accounting Oversight Board has published two sets of staff questions and answers to provide guidance about a registered auditing firms obligation to report certain events to the PCAOB in special reports, and the process through which a firm can succeed to a predecessor firms registration status.

By WebCPA Staff

January 12
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California Toughens Requirements for Accountants

The California Board of Accountancy is requiring CPAs licensed in California to take additional ethics education classes starting in the New Year, and all accounting firms in the state will be subject to peer review.

By WebCPA Staff

December 31
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PCAOB Creates Academic Fellowship

The Public Company Accounting Oversight Board has established an academic fellowship program to recruit accounting researchers to spend a year at the PCAOBs headquarters in Washington, D.C.

By WebCPA Staff

December 23

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.