Firm Memoranda

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.

CGR Memo - FASB July 20 2010 Exposure Draft re Disclosure of Certain Loss Contingencies.pdf (pdf | 150.20 KB )