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.

Accounting standards

FASB wants feedback on financial KPIs

The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.

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

November 14
Audit

PCAOB amends rules on deregistering audit firms

The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.

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

November 14
International accounting

CDP and GRI sign pact on sustainability reporting

The Carbon Disclosure Project and the Global Reporting Initiative plan to deepen their collaboration.

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

November 14
Discover

Discover delays filing over accounting disagreement with SEC

Discover disclosed last year that it overcharged merchants after misclassifying certain credit-card accounts into its highest pricing tier, and the CEO stepped down.

By Paige Smith

November 14
Audit

PCAOB releases CAMs guidance for auditors of small firms

Board members face the likelihood of a deregulatory emphasis under the incoming Trump administration and probable changes in board composition.

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

November 13
Artificial Intelligence

CIA certification is top surging skill

Certified internal auditor certification, management accounting and company valuation are the top surging accounting and finance skills, according to a new Udemy report.

By Paige Hagy
Reporter

November 13
Accounting standards

FASB proposes to improve interim reporting

The Financial Accounting Standards Board issued a proposed update to improve the navigability of the disclosures for interim reporting periods.

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

November 13

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.