Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Forbes contributors publish independent expert analyses and insights. I am an attorney who writes about ESG policy, laws, and regulations. The International Sustainability Standards Board recently ...

THERE IS A CLEAR TREND toward adopting IFRS as the single body of internationally accepted financial reporting standards. In the next few years, thousands of companies will move to IFRS as a primary ...

External Reporting Australia will be set up to establish accounting, audit, assurance and sustainability standards.

The International Auditing and Assurance Standards Board plans to bolster the International Sustainability Standards Board’s proposed standards on sustainability and climate-related disclosures with ...

As businesses try out decentralized systems for better reporting and oversight, the effect of blockchain on corporate finance is speeding up. The rise in interest in business ledgers often coincides ...

The International Accounting Standards Board published a consultation document Wednesday with eight proposed illustrative examples showing how companies could apply International Financial Reporting ...

The standard applies to general purpose financial reports for annual periods beginning on or after 1 January 2028.

The Securities and Exchange Commission (SEC) is raising the bar on how domestic companies report environmental and social impacts by adopting new ...

It should be no surprise that accounting standards have become more complex over the years. Transactions have become increasingly challenging as new products and services emerge and financial ...

On 30 January 2026, the UK’s Financial Conduct Authority (FCA) opened a consultation on a new framework that would require listed companies to provide sustainability disclosures aligned with the draft ...

Speed is not always your friend. Sometimes it’s better to take the time to make the right decision than to rush to meet a false deadline. In this instance I am referring to the process to select the ...