Client Alert
| July 23, 2008
Upcoming Deadlines for Proposed Amendments to SFAS No. 5 Accounting for Loss Contingencies
In June 2008, the Financial Accounting Standards Board issued an “Exposure Draft” of proposed amendments to Statement of Financial Accounting Standards No. 5, Accounting for Contingencies (“SFAS No. 5”). These would change the disclosure requirements for loss contingencies in GAAP financial statements.
The deadline to register to participate in a Roundtable on the proposals is July 25, 2008. Any person or organization that wants to participate in the Roundtable must send an email to director@fasb.org by July 25, 2008, and must submit comments by August 8, 2008.
For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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