Under current U.S.and IFRS guidance,most securitization entities will stay on the balance sheet.

Question

Quizplus · Accepted Answer

Both U.S. GAAP (Generally Accepted Accounting Principles) and IFRS (International Financial Reporting Standards) require a securitization entity to remain on the balance sheet unless certain conditions are met to demonstrate that the entity is a "true sale." This means that most securitization entities will be recorded on the balance sheet of the company that created them.

Under Current U