In this book, author Robert H. Herz presents readers with a revised and updated edition of his earlier work Accounting Changes, in which he examined developments in financial reporting, global developments in the use of financial reporting standards, disclosure modernization and simplification by the SEC and FASB, the status of reporting in the U.S. compared to the rest of the world, the rise of integrated reporting, and many other related subjects. The author is a faculty member of Columbia Business School in New York.