The U.S. legal system provides certain protections to lawsuit defendants. The additional disclosures being proposed must be balanced against possible prejudicial impacts that could unfairly and adversely affect a company and its investors.
Addressing these concerns before finalizing a new standard may take significant time and effort. Even if prejudicial and other concerns can be addressed, we believe any improvement in reporting over the current standard would be marginal.
Given the already challenging standard-setting agenda, further work on this proposal should be deferred, pending completion of more important new standards.