Litigation Exposure Assessment for Financial Reporting: What Legal Hands Finance at Period End

Sat, 17 Oct 2026 20:16:53 -0700

What Finance Asks Legal at Period End

At period end, finance asks legal for a dated view of every open matter, and that view is the litigation exposure assessment for financial reporting. It gives the likelihood of an unfavorable outcome, a low and high loss estimate (or a statement that none can be made yet), and the basis for the view. It also carries a reference to any reserve finance has recorded.

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Litigation Exposure Assessment for Financial Reporting: What Legal Hands Finance at Period End

What Finance Asks Legal at Period End