The Knowledge Congress Has Scheduled a Live Webcast on Statement 5 and 141R Loss Contingency Disclosures: An Update

Jersey City, NJ, May 03, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast on Statement 5 and 141R Loss Contingency Disclosures: An Update. This two-hour event is scheduled on Thursday, June 17, 2009, Wednesday, at 12:00 PM to 2:00 PM EDT.

FASB's proposed Statement on Loss Contingency Disclosures, amending Statement 5 and 141R has faced many challenges. The proposal to amend FAS 5 and FAS 141R would make clearer the probability and timing in cash flow issues related to loss contingencies. However, some have pointed out that revisions would affect public companies adversely as they will be burdened with greater expenses, increased damages and settlements.

The Knowledge Congress is assembling a panel of key thought leaders and expert to help you understand the developments on Loss Contingency Disclosures. This two-hour webinar is a must see for everyone affected by these statements.

Speakers/Faculty Panel

Lewis Ferguson, Partner, Gibson, Dunn & Crutcher LLP

Michael L. Hermsen, Partner, Mayer Brown International LLP

Thomas White, Partner, Wilmerhale

Linda L. Griggs, Partner, Morgan Lewis

For updated list of the faculty panel, please visit: http://www.knowledgecongress.org/event_2009_FASB5.html

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”

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