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09-03-06 :
Detailed Summary: FASB Roundtable-Proposed Amendments To Disclosure Of Contingencies
Following is a detailed summary of FASB's March 6, 2009 roundtable on proposed changes to disclosure of contingencies under FAS 5, Accounting for Contingencies. This detailed summary can only be downloaded by FEI members.
08-10-01 :
boards of directors: october 08
As markets open to foreign capital, a new strain of international shareholder litigation is developing with potentially far-reaching effects on a company’s directors and officers. Here’s how to protect them.
08-09-24 :
FASB Delays Proposed FAS 5 Amendment To 2009
At its Sept. 24, 2008 board meeting, the Financial Accounting Standards Board announced it will delay the effective date of its proposed changes to contingency disclosures in FAS 5 until next year.
08-09-01 :
legal issues: september 08
The current economic crisis and resulting wave of class-action lawsuits actually hold a silver lining:the tools to avoid the next round of litigation.
08-08-29 :
DOJ Revises Charging Guidelines on Privilege; Some Say Legislation Still Necessary
On Aug. 28, 2008, the Department of Justice revised its charging guidelines - formally known as the Principles of Federal Prosecution of Business Organizations. Some are still calling for legislative action, to protect attorney-client privilege.
08-08-08 :
FEI Comments On FAS 5 Proposal On Contingencies
In comment letters filed on Aug. 8, 2008, FEI technical committees voiced concern about the FASB's Exposure Draft, Disclosure of Certain Loss Contingencies – an amendment of FAS 5 and FAS 141R.
08-06-09 :
Auditor Liability, Transparency, Human Capital Addressed By Panels At Treasury ACAP Meeting
On June 3, 2008, the U.S. Treasury Department’s Advisory Committee on the Auditing Profession (ACAP), co-chaired by former SEC Chairman Arthur Levitt, Jr. and former SEC Chief Accountant Don Nicolaisen, received testimony from three panels of experts commenting on ACAP’s recommendations.
08-03-31 :
Securities Class Action Value Plummets, Despite Rise in Number, Cornerstone Finds
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