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.

Audit

AICPA approves auditing standard for spotting fraud

The American Institute of CPAs' Auditing Standards Board adopted new guidance governing the auditor's responsibility for identifying fraud or suspected fraud.

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

3h ago
Estate planning

Pet owners set up wills and trusts in estate plans

The AICPA is finding a growing number of pet owners including their cherished pets as part of their estate plan, and CPAs can help them set up wills and trusts.

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

4h ago
Practice management

CRI grows gov't accounting arm

The Top 25 Firm acquired Trace Advisory in Ridgeland, Mississippi, expanding its ability to serve government entities and public-sector organizations.

By Paige Hagy
Reporter

August 19
Audit

Evergrande liquidators challenge Hong Kong watchdog in court

The construction company's liquidators are seeking $8.4 billion in a lawsuit against PwC International and its mainland China and Hong Kong affiliates.

By Bloomberg News

August 19
Accounting standards

Hillary Salo named next FASB chair

The Financial Accounting Foundation named Hillary Salo as the next chair of the Financial Accounting Standards Board, starting July 1, 2027.

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

August 18
Audit

PCAOB shares Q&A on QC 1000

The Public Company Accounting Oversight Board released questions and answers for QC 1000, A Firm's System of Quality Control, ahead of its Dec. 15, 2026, effective date.

By Paige Hagy
Reporter

August 18
Accounting standards

IFRS Foundation plans overhaul

The International Financial Reporting Standards Foundation plans initiatives to strengthen the accounting and sustainability reporting standards boards they oversee.

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

August 18

Resources

The latest Accounting Today research and discussion:

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
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

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.