The Knowledge Congress Has Scheduled a Live Webinar on Statement 5 and 141R Loss Contingency Disclosures

New York, NY, October 09, 2008 --(PR.com)-- The Knowledge Congress, the leading producer of regulatory focused webinars, announced today that it has scheduled a live webinar on Statement 5 and 141R Loss Contingency Disclosures. This two-hour event is scheduled on Tuesday, October 28, 2008, at 1:00 PM to 3:00 PM (ET – New York).

Recently, the Financial Accounting Standards Board has proposed a new guidance regarding the disclosure of Certain Loss Contingencies. The amendment to FAS 5 and FAS 141R would make clearer the probability and timing in cash flow issues related to loss contingencies. The new proposal would require: greater descriptions of the risks/losses and their associated factors, claim amounts, annual disclosures, descriptive reconciliation, and exceptions.

The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to help understand FAS5/141R and its impact on your firm and the broader market. The speakers will present their expert opinions in a two-hour Live webinar.

Speakers/Faculty Panel

Michael L. Hermsen , Partner, Mayer Brown
Lewis Ferguson, Partner, Gibson, Dunn & Crutcher
Thomas W. White, Partner, WilmerHale
Linda L. Griggs, Partner, Morgan Lewis

For updated list of the faculty panel, please visit: http://www.knowledgecongress.org/event_2008_FASB5.html

About The Knowledge Congress

The Knowledge Congress is an organization that produces webinars that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webinars that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

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