In 2010, the U.S. accounting rulemaker (FASB) updated its longstanding constitution to eliminate “reliability” as a fundamental accounting property. FASB argued that “reliability” was misunderstood in practice and that this amendment clarified its original intent. Drawing on primary...

Tackling climate change requires not only reducing GHG emissions but also removing GHG from the atmosphere. Carbon-offset producers purport to provide such removals. But existing carbon-offset markets have been criticized for poor measurement practices and inadequate controls, resulting in...

In late 2009, Wang Boming, publisher of Caijing Magazine, widely regarded as China's most independent news magazine, gathered his core team for an urgent meeting. His pioneering editor Hu Shuli, described for her fiercely independent journalism as "the most dangerous woman in China" had quit...

Set in 2010, the case discusses the strategic directions Hong Kong could pursue, particularly vis-a-vis China, as it seeks to preserve its preeminence in the region. In 2010, the Hong Kong Exchange announced that it would allow listed Chinese companies to report using Chinese GAAP without...