Transfers and servicing of financial assets

Accounting guide

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We are pleased to offer the 2013 edition of our popular guide.

This guide was fully updated in May 2013. Certain sections were updated in March 2016.

We have updated our accounting and financial reporting guide for Transfers and servicing of financial assets primarily to reflect the impact of new and updated authoritative guidance related to repos to maturity and other topics. These revisions are marked and summarized in Appendix C, Summary of significant changes of the guide. Content not marked as revised in March 2016 has been updated as of May 31, 2013.

This PwC guide offers a comprehensive exploration of a complex and still evolving area of accounting: the accounting for transfers/securitizations and related transactions. FASB ASC 860, Transfers and Servicing, remains the principal guidance in this area and was recently amended to address some important issues left unresolved by previous versions of the guidance and to respond to perceived flaws highlighted most recently by events related to the economic downturn. The release of new or modified guidance by the FASB is more than likely to continue as the Board considers practice issues that emerge in this innovative area of finance, as well as it continues to work with international standard setters to achieve convergence. We intend to keep you up to date through further communications whenever necessary and genuinely helpful.

Downloading the guide onto an iPad

  1. Click on the button below to open the document:
    Transfers and servicing of financial assets
  2. Once the PDF opens, click on the Action button, which appears as a square icon with an upwards pointing arrow.
  3. From within the action menu, select the “Copy to iBooks” option.
  4. The guide will then be saved to your iBooks app for future access.

Contact us

Donald Doran
Partner, National Professional Services Group

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