The Financial Accounting Standards Board took up the controversial question of disclosure requirements for loss contingencies at its latest meeting and decided that companies need to make more ...

The Financial Accounting Standards Board has decided to delay the implementation of a new standard on loss contingencies after receiving comments from organizations concerned that it would lead to ...

After nearly five years of proposals, feedback, and increased enforcement, the Financial Accounting Standards Board is shutting down its dormant project to write a new accounting standard for loss ...

Certain questions seem to recur when it comes to outside counsel’s communications with a company’s auditors about potential exposures as a result of litigation or regulatory/enforcement matters and ...

On July 9, 2012, the Financial Accounting Standards Board (FASB) voted against moving forward with its exposure draft project to modify the accounting and disclosure requirements for loss ...

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In accounting, contingencies are events that take place in the current accounting period, but are not resolved until later. This requires small business owner to estimate the outcome of these events ...

The Financial Accounting Standards Board on Monday voted to drop a controversial project that would have required companies to disclose more about non-financial loss contingencies, such as potential ...

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