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.

Regulatory actions and programs

Levitt to Chair Governance Leadership Council

Former Securities and Exchange Commission Chairman Arthur Levitt will chair a Governance Leadership Council formed by risk management service provider RiskMetrics.

September 7
Recruiting

Universities Not Planning for IFRS Education

Comparatively few universities will be educating students in international accounting standards this academic year, despite plans by the Securities and Exchange Commission to impose the new standards on U.S. companies.

September 4
Regulatory actions and programs

IFRS XBRL Taxonomy Guide Published

The International Accounting Standards Committee Foundation has published a guide to the Extensible Business Reporting Language version of International Financial Reporting Standards.

September 2
Audit

The Long and Winding Roadmap

For months, leaders in the accounting profession have been demanding that the Securities and Exchange Commission give them a "date certain" for the transition to International Financial Reporting Standards, and now they have it, though the date looks more than a little uncertain.

September 2
Audit

Deloitte Examines IFRS Tax Implications

Corporate tax executives need to closely watch other countries' transition to International Financial Reporting Standards as it could affect their global tax planning, warns a report issued by Deloitte.

September 1
Regulatory actions and programs

GASB Wants to Incorporate AICPA Guidance

The Governmental Accounting Standards Board has proposed transferring guidance from the American Institute of CPAs' auditing literature into its own literature for state and local government accountants.

September 1
Accounting standards

AICPA Welcomes SEC's IFRS Roadmap

The American Institute of CPAs and other organizatons expressed their support for the Securities and Exchange Commission's proposed roadmap for moving to international accounting standards.

August 27

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.