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

Report calls for fair value accounting on federal loans

A new report says that federal credit programs are costing tens of billions more than stated because the federal government isn't using fair value accounting.

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

November 8
IFAC

IFAC names next president

The International Federation of Accountants named its next president, deputy president, new board members and approved member organizations.

By Paige Hagy
Reporter

November 7
AT Think Changing the way people think about accounting

For a profession that's often stereotyped as stagnant, the world of accounting is changing at unprecedented speed.

November 7

Hannah Hood

Summit Virtual CFO by Anders
Financial reporting

ADM still struggles with accounting, months after scandal

Almost 10 months after scandal shook Archer-Daniels-Midland Co., the commodity-trading giant has yet to sort out its accounting.

By Bloomberg News

November 6
Audit

IAASB rolls out sustainability assurance standard

The International Auditing and Assurance Standards Board is preparing for the adoption of its International Standard on Sustainability Assurance 5000 early next year.

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

November 5
Accounting education

Accounting master's hit five-year peak in application growth

Nearly three-quarters of U.S. masters of accounting programs reported application growth, according to a report by the Graduate Management Admission Council.

By Paige Hagy
Reporter

November 5
Financial reporting

ADM cancels earnings call over accounting errors

Archer-Daniels-Midland will amend previous financial statements after uncovering accounting issues, prompting the crop trader to cancel its earnings call.

By Bloomberg News

November 5

Resources

The latest Accounting Today research and discussion:

Beyond the Buzz: Moving from AI Hype to Meaningful Impact

Weaving AI into client records, workflows, documents, and billing allows accounting firms increase to by offering client accounting services. Learn why an integrated platform outperforms standalone accounting solutions.

Partner Insights from Canopy
Beyond Research: Unlocking Hidden Value from AI

Generative AI adoption among accounting firms doubled in just one year. But many firms are barely scratching the surface, using AI primarily for tax research rather than to reimagine workflows

Partner Insights from Thomson Reuters
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

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.