FASB and IASB recently delayed the effective date of their revenue standard.

1. What new information is available regarding FASB's and/or IASB's progress toward addressing the underlying reason that prompted the delay?

2.How prevalent is sustainability reporting in (a) the U.S. and (b) globally? In citing specific statistics, indicate the size of the company to which the information pertains.

3. What standards or guidelines should accounting professionals involved in sustainability reporting be familiar with?