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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SEC Approves PCAOB Independence Rule

The Securities and Exchange Commission has approved a new rule and amendment to an existing rule from the Public Company Accounting Oversight Board related to ethics, independence and the provision of tax services.

August 27
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SEC Proposes IFRS Roadmap

The Securities and Exchange Commission proposed setting a roadmap for transitioning to International Financial Reporting Standards by 2014.

August 26
Regulatory actions and programs

SEC to Propose IFRS Roadmap Wednesday

The Securities and Exchange Commission has scheduled a meeting for this Wednesday to discuss setting a roadmap for the transition to International Financial Reporting Standards.

August 25
Regulatory actions and programs

IMA Looks at Chinese Accounting

Chinese accounting standards are converging with International Financial Reporting Standards, but there are still differences in practice, according to a new study by the Institute of Management Accountants.

August 25
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Appeals Court Rules PCAOB Is Constitutional

The Public Company Accountability Oversight Board hailed a decision by an appeals court that upheld its constitutionality.

August 24
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New York CPAs to Host PCAOB Speakers

The New York State Society of CPAs plans to welcome a series of speakers from the Public Company Accounting Oversight Board to its September 10 conference on current developments under Sarbanes-Oxley.

August 21
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FASB Adds Business Combinations to Codification

The Financial Accounting Standards Board has added the topic of business combinations to its accounting standards codification, which aims to organize the thousands of U.S. accounting pronouncements issued by multiple standard-setters into a single authoritative source.

August 21

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.