The Financial Accounting Standards Board (the board or FASB) retreated again from completing revisions for loss contingency disclosures, meaning there were no revisions in time for the 2010 reporting year, as previously planned. Instead, the board would continue to deliberate over the more than 300 comment letters, mostly unfavorable, it had received through September 20, 2010, which was the close of the comment period for the exposure draft (ED) it released in July 2010 (FASB, 2010, 2011a).
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