FASB letter to Congress on derecognition accounting

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23 Apr 2010

The US Financial Accounting Standards Board (FASB) has sent a letter to the US House of Representatives Financial Services Committee commenting on the accounting standards and relevant guidance relating to repurchase agreements for the Committee's April 20, 2010 hearing Public Policy Issues Raised by the Report of the Lehman Bankruptcy Examiner.

The issues discussed in the letter relate directly to the joint IASB-FASB project on Derecognition of Financial Instruments. Click to Download the FASB's Letter to the SEC (PDF 73k).


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