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ABS

EITF 03-1 dampened as well?

Published 1 Min Read

The issue of EITF 03-1 may not become much of an issue, at least for a while longer. In its most recent report, UBS said it appears EITF 03-1 has been delayed. The Financial Accounting Standards Board received a tremendous response during the public comment period that ended in October. Analysts say discussions they have had with FASB suggests the magnitude of concerns will require a re-examination, which doesn’t seem likely to happen before the end of the year. UBS adds, “the issues are very difficult to resolve, and expect a long term or indefinite postponement.”

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