Financial reporting

Exxon Mobil Corp.’s attempt to use "accountant-client privilege" to avoid handing over audit documents in a politically charged climate-change probe was dealt a final blow by New York’s top court.

The Financial Accounting Standards Board has created a new web page to help companies implement its new standards.

However, this leaves CFOs and controllers worried about security.

TV host and science educator Bill Nye has filed suit against the Walt Disney Company over the accounting for profits on his old TV series “Bill Nye the Science Guy."

The revenue recognition standard that takes effect next year could help health care providers and regulators identify instances of Medicare and Medicaid fraud by subjecting their financial statements to new scrutiny, although in some ways the new rules could also spur some forms of fraud.

The Financial Accounting Standards Board released its long-awaited hedge accounting standard this week, but companies may want to be careful about adopting it early, or else they could miss out on some one-time benefits.

The Securities and Exchange Commission has released a staff accounting bulletin to conform its existing staff guidance to the new revenue recognition standard that takes effect for public companies at the end of the year.

The Institute of Management Accountants is partnering with ANEFAC, the National Association of Executives in Finance, Administration and Accounting, to support the international advancement of the management accounting profession in Brazil.

Many software companies, including Microsoft, could see significant changes in their revenue patterns with the rollout of the revenue recognition standard that takes effect at the end of the year, according to a new study.

The International Public Sector Accounting Standards Board is mulling new guidance on how the public sector should account for revenue and non-exchange expense transactions, such as the provision of education, health care and defense, in light of the revenue recognition standard.

As people begin to amass wealth, the clarity and simplicity of their financial lives can quickly diminish.

The co-creators and producers of the hit cable TV series “The Walking Dead” and “Fear the Walking Dead” have filed suit against AMC over the network’s calculation of profits in a case that could change the definition of “Hollywood accounting.”

The United Nations Academic Impact and MLOW provide an example to follow.

Many accounting and finance professionals are in high gear preparing their organizations and clients for the transition.

In early 2015, a previously unknown entity published a series of scathing reports attacking the accounting practices of a Hong Kong commodity trader.

The International Integrated Reporting Council has released its own integrated report for 2016, pointing to how integrated reporting is becoming more widespread around the world.

With the new revenue recognition standard taking effect next year, companies and their investors are bound to see some dramatic changes in the topline numbers being reported.

The Texas-based company serves firms that have multiple office locations.

A group of 16 House Democrats has sent a letter to the Financial Accounting Standards Board asking it to require multinational companies to disclose more country-by-country reporting information in their public financial statements about where they pay taxes and book profits.

Extensible Business Reporting Language is starting to become more widely used, thanks to the SEC’s rules requiring the use of XBRL in financial filings in recent years and a new rule requiring XBRL for foreign issuers.