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.

Payroll

Small business employees clocked more hours in August

Employees are working more hours per week at small businesses but are only seeing modest pay gains, according to a Paychex report.

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

September 1
Audit

AICPA weighs PE and tech impact on audit independence

Christina Ho, a former member of the PCAOB and now at Oath Verified, believes the AICPA should be hearing more from tech companies as auditing standards evolve.

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

August 31
Practice management

Four state societies form professional learning tech company

The Florida Institute of CPAs, Georgia Society of CPAs, Montana Society of CPAs and South Carolina Association of CPAs collaborated to form Five Storm Systems.

By Paige Hagy
Reporter

August 31
Small business

Family-owned businesses moving away from internal leadership

"Family-run" businesses are transitioning away from internal leaders into more of a "family-governed" holding company model, according to a new report.

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

August 27
Audit

PwC International can't exit Evergrande case, HK court rules

A Hong Kong court declined to remove PricewaterhouseCoopers International from a multibillion-dollar lawsuit brought by liquidators against the firm.

By Bloomberg News

August 26
Illinois

Illinois CPA Society opens manager survey

The ICPAS survey is fielding responses from accounting and finance professionals within their first five years of managing others for its new survey.

By Paige Hagy
Reporter

August 25
Tax

IRS CEO meets with NY tax pros

IRS CEO Frank Bisignano met with tax professionals from the New York area during the IRS's Nationwide Tax Forum in New York City.

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

August 25

Resources

The latest Accounting Today research and discussion:

Special Report Special Report: The AI-Enabled Accountant

Artificial intelligence won't put accountants out of business; accountants who use AI will put those who don't out of business. And that means firms need to be integrating it into their workflows, skillsets and strategic plans.

Sponsored by Digits
Top takeaways from the Top 100 Firms

Key insights from Accounting Today's Top 100 Firms and Regional Leaders report, from the many ramifications of private equity to the impact of demographics and much, much more.

Sponsored by Intuit Quickbooks
Break the AP Bottleneck Holding You and Your Clients Back

Today's clients expect more than accurate books and timely filings. AP automation opens the door to client advisory services that benefit clients and drive advisory revenues and firm growth.

Partner insights from Intuit Quickbooks

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.