Stay up-to-date with the latest from FASB as Melisa Galasso breaks down a new proposal impacting mortgage servicing rights. This quick video outlines what you need to know and why it matters for financial institutions.
- Overview of the recent FASB exposure draft on mortgage servicing rights
- Explanation of recapture and its impact on fair value measurement
- Current diversity in practice and lack of specific guidance in Topic 860
- New proposal requiring inclusion of recapture in MSR valuation
- Short comment period and implications for financial reporting and auditing
Do you agree with this proposal?
Proposed Accounting Standards Update, Codification Improvements
SC.CPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SC.CPA members.
Melisa F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI.
