Improving financial reporting transparency.(news&trends)

FASB is seeking comments on an exposure draft of Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses. Respondents are asked to comment on whether they believe the proposal would achieve its goal of providing more information regarding the nature of credit risk inherent in the creditor's portfolio of financing receivables; how that risk is analyzed and assessed in arriving at the allowance for credit losses; and the changes and reasons for the changes--in both the receivables and the allowance for credit losses.

Comments are due by Aug. 24.

Learn more at www.calcpa.org/FASB_0824.

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