PwC has responded to the FASB proposal to amend the amortization period for callable debt securities purchased at a premium. The proposed changes would require the premium to be amortized to the earliest call date, a departure from current GAAP.
© 2016 - 2020 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.