Industry participants and staff at the Securities and Exchange Commission continue to work on compliance with pending requirements regarding due diligence, Regulation AB and risk retention. Last week, the American Institute of Certified Public Accountants released interpretations regarding how accountants can comply with due-diligence disclosure requirements that are set to take effect June 15. MBS and ABS issued after that date that receive a rating will be required to disclose certain details about due diligence completed by third parties. Accountants have raised...