Financial reporting

The International Integrated Reporting Council, the Sustainability Accounting Standards Board, the Global Reporting Initiative and the Carbon Disclosure Project are working to harmonize standards.

Nearly two-thirds of governments are expected to report on an accrual basis within the next five years.

The update clarifies the guidance on the interaction between some types of collaborative arrangements and the new revenue recognition standard.

The vast majority of S&P 500 issuers are using the modified retrospective method of adopting the new rules.

The accounting standard redefines the rules for operating leases.

In Larry Culp’s first earnings day as CEO, the company revealed an expanded federal probe into its accounting.

Companies are still behind schedule in getting ready for the impending standard, according to a new survey.

General Electric Co.’s new chief executive officer got off to a rocky start with Wall Street as the company revealed an expanded accounting probe by U.S. authorities.

A study suggests that a background in audit can be a double-edged sword in the C-suite.

The Financial Accounting Standards Board’s new hedge accounting standard is prompting some companies to adopt the standard ahead of the Jan 1, 2019 effective date, though many companies are still not using hedge accounting at all.