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FASB July 20, 2010 Exposure Draft re: Disclosure of Certain Loss Contingencies


Date: 07/30/10

On July 20, 2010, the Financial Accounting Standards Board ("FASB") issued a Proposed Accounting Standards Update, Disclosure of Certain Loss Contingencies (the "Proposed ASU"). The Proposed ASU would update Accounting Standards Codification Topic 450-Contingencies ("ASC Topic 450"), which prior to codification was known as FASB Statement No. 5, Accounting for Contingencies.

This memorandum is for general information purposes only and is not intended to advertise our services, solicit clients or represent our legal advice.

Download: FASB July 20, 2010 Exposure Draft re: Disclosure of Certain Loss Contingencies (PDF, 150.20 K)

Related Attorneys: Charles A. Gilman, Jonathan I. Mark, John J. Schuster, Abigail Darwin

Related Practice: Corporate