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FASB Standard 5, cont'd

We've added several new links to our Monday post on this proposal (which would require much broader accounting disclosures than now as to how companies are being sued and might be sued in the future, and what the cases might be worth). Included are commentaries from Ted Frank, Larry Ribstein, and Kevin LaCroix, as well as links to some advocacy from proponents of the new standard.

The FASB public comment period ends August 8, not much more than a week from now.

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Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.