Litigation Contingency Reporting: Where Are We With FASB and the SEC?


Friday, September 9, 2011


Michael R. Young, Willkie Farr & Gallagher LLP; Wayne Carnall, accountant, Div of Corp Finance, U.S. SEC


NYC Bar Assn
42 West 44th St
New York, NY 10039
United States


member $125 nonmember $235


9-10 am

CLE Credits:

1 hr

The New York City Bar presents a video replay titled Litigation Contingency Reporting: Where Are We with FASB and the SEC? The seminar will be broadcast on Friday, September 9, at the New York City Bar Association, 42 West 44th Street in New York City. It begins at 9:00 a.m. and ends at 10:00 a.m.

Litigation contingency reporting under Fair Accounting Standards (FAS 5 - now named Accounting Standards Codification (ASC) 450) has drafted a proposed disclosure standard that has given rise to significant controversy. Conformity even to the present standard is under a microscope with both FASB and the SEC planning to take a careful look at upcoming 10-K litigation disclosures in evaluating compliance and the need for a new standard at all. This program will offer participants insight into what is going on with both FASB and the SEC and what they will be looking for in upcoming 10-K’s.

Michael R. Young, partner at Willkie Farr & Gallagher LLP, and Wayne Carnall, chief accountant, Division of Corporate Finance, U.S. SEC, will offer some answers to these perplexing issues facing in-house litigation counsel today.

To register for this program visit, or call (212) 382-6663.


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