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[print version]
On September 20, 2010, FEI’s CCR, CGB and COT provided comments to the Financial Accounting Standards Board (FASB) regarding an Exposure Draft (ED) released in July. The ED proposes an increase in the amount of information regarding potential loss contingencies, such as litigation, in the footnotes to financial statements. In the comment letter, the FEI committees outlined a number of concerns that remain with the ED and urged the FASB to take additional time to find the right balance between improving disclosures and addressing preparer concerns.
[print version]
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