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: Loss Contingencies

FEI Express Private Company Edition #84
FEI Express Private Company Edition #83
CGB Joins FEI Committees on Letter to FASB Regarding Loss Contingencies Proposal
FASB Releases Proposal On Disclosure Of Certain Loss Contingencies
On July 20, 2010 the Financial Accounting Standards Board released an Exposure Draft (ED) of a proposed Accounting Standards Update on Disclosure of Certain Loss Contingencies. The 30-day comment period ends August 20, 2010. FASB Proceeds On Loss Contingencies; Financial Instruments
At its Aug. 19, 2009 board meeting, FASB made certain decisions as it moves toward a final standard on disclosure of certain loss contingencies. Additionally, FASB decided on a definition of financial instruments and some items to scope out of the definition for purposes of its current financial instruments project.
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