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NEWS RELEASE 06/05/08

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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