Comment on this Article

New Rule Cites Lawsuit and Bankruptcy Disclosures FAS 165 calls on companies to recognize "subsequent events" in their financial results related to litigation settlements and a customer's bankruptcy filings.

Robert Willens, CFO.com | US
June 15, 2009

No changes to existing GAAP or practice

No different than the current rules, simply codified in a different place in the literature.

These are not changes to existing practice or GAAP.

Posted by James Wiseman | Jun 16, 2009 9:41 AM ET