Draft Guide to Implementing FASB Statement 125
Published on:
June 2, 1998
The Bond Market Association (TBMA) provides comments to the Financial Accounting Standards Board (FASB) on the proposed FASB Special Report: A Guide to Implementation of Statement 125 on Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities. TBMA questions whether it is the appropriate time for FASB to issue implementation guidance regarding Statement 125 while a number of significant issues are currently under consideration by the Board for inclusion as part of an interpretation or amendment of Statement 125.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.