Articles, Newsletters, and White Papers on Environmental Disclosure and Related Topics

FASB Issues Exposure Draft on Disclosure of Certain Loss Contingencies

Norwalk, CT, June 5, 2008—The Financial Accounting Standards Board (FASB) today issued an Exposure Draft (ED) of a proposed Statement of Financial Accounting Standards, Disclosure of Certain Loss Contingencies—an amendment of FASB Statements No. 5 and 141(R). The proposed Statement would be effective for fiscal years ending after December 15, 2008, and interim and annual periods in subsequent fiscal years.

 
 

 

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