FASB Wants To Eliminate QSPE Status

08 Feb 2008

Financial Accounting Standards Board Director Russell Golden said it is working toward eliminating qualifying special purpose entity status by the beginning of 2009.

Financial Accounting Standards Board Director Russell Golden said it is working toward eliminating qualifying special purpose entity status by the beginning of 2009. His comment came last week at ASF 2008 in Las Vegas. The board, however, has unsuccessfully tried to eliminate QSPE status for years and roadblocks ...

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