Compliance Week writes "FASB Readies Final Standard on Repurchase Agreements". It says, "The Financial Accounting Standards Board is expected soon to issue its final word on how companies will be required to account for repurchase agreements when the company is obligated to buy back securities it has sold. After changing its mind about its January 2013 proposal, FASB ultimately determined it will stick with the approach it initially proposed. That would require a company to consider whether it retains effective control over an asset and account for any transfer as a secured borrowing rather than a sale if the company is obligated to buy it back. FASB says it has concluded its discussion of the proposal and plans to issue a final standard in the first half of 2014."
