Good news! — FASB votes to abandon controversial litigation proposal
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Description
Abstract: In July 2012, the Financial Accounting Standards Board (FASB) voted to scrap its controversial proposal to heighten disclosure requirements for certain contingent losses, including potential losses from pending or threatened litigation. This article examines the objections that were raised against the FASB proposal and reviews the existing accounting requirements for loss contingencies.
Additional information
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| Newsletter | Valuation & Litigation Briefing / Litigation & Valuation Report |
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