Staff report: off-balance sheet arrangements, SPEs.

PositionSEC News - Special purpose entities - Brief Article

The SEC's report on off-balance sheet arrangements, special purpose entities and related issues recommends a rethinking of current guidance on reporting the financial results of leases and defined-benefit pension plans, while pressing for reporting all financial instruments at fair value.

The report, prepared pursuant to SOX Sec. 401(c), also recommends that FASB continue to improve guidance regarding which public companies should...

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