Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

FASB Backs Off Again on Controversial Rule Proposals

Tammy Whitehouse | November 11, 2010

Yet another controversial accounting proposal is moving off the charts for the 2010 reporting year after the Financial Accounting Standards Board determined it needs more time to work on new rules around multiemployer pension plans. On a related note, the board also determined it will hold off on any further rulemaking around loss contingency disclosures to see first whether companies improve their disclosures under existing rules.

The FASB published a proposed accounting standards update calling for more disclosure about a company’s participation in and risks related to multiemployer pension plans, like union plans, with an eye toward making it effective for fiscal years ending after Dec...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.