FASB Tightens Rules for Consolidating VIEs, Requires More Disclosures on Transferred Assets
May 22, 2009
The Financial Accounting Standards Board will soon finalize proposals to tighten the accounting rules for consolidating off-balance sheet securitization transactions, provide additional disclosures about a company’s involvement in securitization vehicles and transferred mortgage assets, and make asset transfers more transparent to investors. This week, the board concluded...