June 11, 2008
FASB board meeting on FAS 140 and FIN 46(R) amendments
On June 11, 2008, the Financial Accounting Standards Board ("FASB" or "the Board") held a Board meeting regarding FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities ("FAS 140"), and FASB Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest Entities ("FIN 46R"), in connection with its projects to amend the standards. Refer to Capital Markets Accounting Developments Advisories ("CMADA") 2008-5 and 2008-6 for additional background on the Board's previous deliberations and decisions on these topics.
