Securitizations, special-purpose entities get FASB standards

06/15/2009 | Journal of Accountancy online

Two standards from the Financial Accounting Standards Board will change accounting for securitizations and special-purpose entities and will require a number of disclosures. Such changes were proposed to "address concerns about companies who were stretching the use of off-balance-sheet entities to the detriment of investors," FASB Chairman Robert Herz said in a statement.

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