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FASB Changes Accounting For Repurchase Agreements (Repos)

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FASB Changes Accounting For Repurchase Agreements (Repos)
May 4, 2011
FEI Summary

On April 29, 2011 the Financial Accounting Standards Board released Accounting Standards Update (ASU) No. 2011-03, Transfers and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements. As described in   FASB’s press release, the ASU amends the accounting for repurchase agreements (repos).  

Read more in this KPMG Defining Issues.

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