Proposed Loss Contingency Standard will not Apply to Calendar Year-end Filers' 2010 Form 10-Ks
At its open meeting today, the FASB advised that calendar year-end companies will not be required to comply with the FASB’s proposed new loss contingency disclosure standards in their 2010 Form 10-Ks. The FASB indicated that it does plan to conduct redeliberations on the proposed standard at a future meeting.
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