Valley’s corporate counsels up in arms about proposed disclosure rules(0)
General counsels of several Silicon Valley corporations are in the vanguard of critics railing against changes being proposed by the Financial Accounting Standards Board “”that would force public companies to disclose more about the risks of litigation,” judging by the sources in this story by Zusha Elinson of the San Francisco Recorder.
“Under the revised rules for FASB Statement No. 5,” Elinson writes, “the threshold for reporting the potential loss from a lawsuit would be lowered from ‘probable’ to Read the rest of this entry »
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