TITLE

Accounting Is King

AUTHOR(S)
Marshall, Ellen R.
PUB. DATE
February 2005
SOURCE
Mortgage Banking;Feb2005, Vol. 65 Issue 5, p101
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article discusses the issue of accounting in mortgage industry. For mortgage companies, the treatment of special purpose vehicles is one of the hot buttons over which an audit resignation could easily turn. In conversations about transactions that were previously blessed as successfully moving assets off-balance-sheet, accountants are now citing the revised accounting standards, or changed internal positions, to challenge the same treatment. They are making management very uncomfortable about disagreeing.
ACCESSION #
16089758

 

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