The Financial Accounting Standards Board has issued three exposure drafts of proposed financial standards and amendments relating to accounting for transfers of financial assets.
One of the additions aims to improve the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial statements about transfers of financial assets, including through securitization transactions. These include the effects of such transfers of financial assets on its financial position, financial performance, and cash flows, and a transferor's continuing involvement in the transferred financial assets.
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