Comment Period on Loss Contingency Exposure Draft Extended
Published on:
18 Aug 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.