FASB To Issue Proposal Requiring More Judgment For Loss Contingencies, By BNA
March 12, 2008

The Bureau of National Affairs (BNA) published the following article on March 12, 2008, summarizing the results of the Financial Accounting Standards Board's (FASB's) meeting on March 11 at which FASB voted to proceed with issuing a proposed amendment to the disclosure requirements under FAS 5, "Accounting for Contingencies." The article, "FASB to Issue Proposal Requiring More Judgment For Loss Contingencies," written by BNA writer Denise Lugo, is copyrighted by BNA and used with permission.  

BNA is the exclusive sponsor of FEI's June 5 conference on International Financial Reporting Standards (IFRS): "The World Is Moving To IFRS- Are You?" The conference will be held in New York City, and the keynote speaker will be John White, Director of the Division of Corporation Finance of the U.S. Securities and Exchange Commission. Leading preparers, auditors, analysts and other experts are among the speakers for this event. Early registration is encouraged, space is limited.

Prepared March 12, 2008 by Edith Orenstein, Director, Technical Policy Analysis, Financial Executives International (FEI). This summary does not represent FEI opinion unless specifically noted above.