In-House Counsel
Aug. 14, 2008
Too Much Information
Proposed FASB Statement No. 5 Accounting Standards Should Concern Companies and Counsel When It Comes to Disclosure of Environmental Liabilities
If the Financial Accounting Standards Board (FASB) has its way, a company's reserves for environmental loss contingencies and the reasoning behind its loss estimates will soon become public knowledge. The standards board is considering a proposed amendment to Statement No. 5, Accounting for Contingencies, that would fundamentally change the way companies disclose information about lawsuits and othe...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In