Industry Braces for Impact of FASB’s Interim Disclosure Rule as It Prays for Regulatory Relief
December 18, 2008
Mortgage lenders are hoping for some regulatory relief from new guidance issued by the Financial Accounting Standards Board last week that will boost disclosure requirements for transferred financial assets and an enterprise’s involvement with variable interest entities. As accounting practices are closely scrutinized for their role in the current financial crisis, FASB has decided...