The Financial Accounting Standards Board took up the controversial question of disclosure requirements for loss contingencies at its latest meeting and decided that companies need to make more ...

The Financial Accounting Standards Board has decided to discontinue its loss contingencies disclosure project after it met with nearly unanimous opposition in the comment letters received by the board ...

After nearly five years of proposals, feedback, and increased enforcement, the Financial Accounting Standards Board is shutting down its dormant project to write a new accounting standard for loss ...

The AICPA’s Financial Reporting Executive Committee (FinREC) told FASB in a comment letter issued Monday that it has concerns about auditors’ ability to corroborate information on loss contingencies ...

In accounting, contingencies are events that take place in the current accounting period, but are not resolved until later. This requires small business owner to estimate the outcome of these events ...

The Financial Accounting Standards Board on Monday voted to drop a controversial project that would have required companies to disclose more about non-financial loss contingencies, such as potential ...

This article has been updated with information from a company conference call, share price movement, and comments from a Seeking Alpha analyst. Cassava Sciences (NASDAQ:SAVA) said it recorded a $40M ...