*Letters

Use of Legal Interpretations as Evidential Matter

Published on:
December 15, 1997

The Bond Market Association (TBMA) provides comments to the American Institute of Certified Public Accountants (AICPA) on a proposal relating to the use of legal interpretations as evidential matter to support management’s assertion that a transfer of financial assets qualifies as a sale under Statement of Financial Accounting Standards No. 125 of the Financial Accounting Standards Board (FASB).  TBMA believes the proposal’s auditing guidance would actually change the application of accounting standards.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.