Ending the “QSPE” (FAS 166 & 167) and its impact on your firm LIVE Webcast (“QSPE” (FAS 166 )

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Event Date/Time: Nov 03, 2009 End Date/Time: Nov 03, 2009
Registration Date: Nov 03, 2009
Early Registration Date: Oct 31, 2009
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FASB’s recently spelled out the demise of the qualified special purpose entity via its publication of standards No. 166, Accounting for Transfers of Financial Assets, and No. 167, Amendments to FASB Interpretation No. 46(R). QSPE’s were long criticized because they allowed some assets to be removed from the company’s books that were in essence still actively under the control of the company. It’s is often thought that this significantly contributed to the rampant securitization issues that were a central part of the financial system meltdown. FAS 166 and 167 ensure that companies can only remove assets that they do not control. Interestingly, FAS 166 & 167 are more guidance based vs. rules based leaving the door open to a considerable array of interpretations. Many wonder if companies will really comply with the guidance or merely “go through the motions?”. This critical issue here is how will the new regs apply to your assets and the transactions that you may have in your pipeline.

The Knowledge Group has assembled a panel of key thought leaders and regulators to help Finance and Accounting executives understand this and all the important issues with respect to FAS 166 & 167 including interpretation and best practices. This live webcast is a must attend for all professionals who need to be in the know with respect to understanding FAS 166 & 167.



Additional Information

Course Level: Intermediate Prerequisite: None Method Of Presentation: Group-Based-Internet Developer: The Knowledge Conference Recommended CLE/CPE Hours: 1.75 - 2.0 (Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.) Advance Preparation: Print and review course materials Course Code: 093909 Course Fee: $199 - $299 NASBA Sponsor Number: 109004