In a round-up of the biggest accounting stories of the year, we look at accounting and disclosure errors, financial and non-financial reporting standard reviews, Brexit transition planning and FRC warning on cashflow errors
December
WPP reveals £301m gap due to accounting errors
World’s largest advertising group restates its financial statements from 2017 to 2019 after discovering its most recently reported statutory losses were under-stated by £301m
General Electric hit with $200m penalty over disclosure failures
US industrial giant to pay $200m (£150m) penalty to settle charges brought by Securities and Exchange Commission over disclosure failures in power and insurance businesses
Call to enhance IAS 37 disclosures for pollution clean-ups
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