FASB aims to protect private companies' proprietary info with proposal

05/1/2013 | JournalofAccountancy.com

The Financial Accounting Standards Board has proposed a deferral of the effective date of certain disclosure requirements about investments held by a nonemployee benefit plan in the plan sponsor's own equity securities. Stakeholders are concerned that the disclosures would result in dissemination of private companies' proprietary information through their employee benefit plans' financial statements on the websites of plan regulators.

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