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Journal entry — Comment period on loss contingency exposure draft extended

Published on: Aug 18, 2010

Today, the FASB extended the comment period for its proposed Accounting Standards Update (ASU) Disclosure of Certain Loss Contingencies from August 20, 2010, to September 20, 2010. The extension came amid concerns from constituents that a 30-day comment period did not give companies enough time to respond.

For further details on the proposed ASU, see Deloitte’s July 20, 2010, Heads Up.

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