The catastrophic hurricanes and earthquakes that have rocked North America in recent weeks have resulted in a tragic loss of life and widespread destruction of property. They have also had a significant impact on business activities, giving rise to a number of financial reporting implications. Accounting for asset impairments, insurance recoveries, and additional exposure to environmental remediation liabilities are just some of the many issues businesses now confront as a result of these natural disasters. Learn more about these challenges and how to assess them.

Source: Wall Street Journal September 22, 2017 11:37 UTC