FASB Releases Tech Bulletin on Statement 140

The Financial Accounting Standards Board (FASB) has published Technical Bulletin No. 01-1, Effective Date for Certain Financial Institutions of Certain Provisions of Statement 140 Related to the Isolation of Transferred Financial Assets.

The Technical Bulletin defers until 2002 application of the isolation standards of Statement 140. Under certain circumstances, banks and certain other financial institutions will be allowed up to five years of additional transition time for transfers of assets to certain securitization master trusts.

The publication is available for purchase at the FASB Web site, or may be ordered by telephone at 800-748-0659. The cost to purchase the technical bulletin is $7.00. Educators are entitled to a 20 percent discount on purchases of FASB publications.


Already a member? log in here.

Editor's Choice

Upcoming CPE Webinars

Dec 3The materials discuss the concepts and principles in the AICPA’s new special purpose framework.
Dec 8Kristen Rampe will cover how to diffuse the tension in challenging situations in this one-hour webinar.
Dec 9A key component to improving your firm’s workflow efficiency while enhancing your profitability at the same time is how you leverage emerging technologies.
Dec 16Kristen Rampe will give tips on how to bring confidence into the room and build a valuable network.