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Heads Up — FASB Amends Guidance on Effective Control in Repurchase Agreements

Published on: 01 May 2011

This issue discusses FASB Accounting Standards Update No. 2011-03, Reconsideration of Effective Control for Repurchase Agreements. The ASU eliminates from U.S. GAAP the requirement for entities to consider whether a transferor (i.e., seller) has the ability to repurchase the financial assets in a repurchase agreement.


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