Dec 05, 2016
From the Financial Reporting View
KPMG recently commented on the proposed FASB ASU, Premium Amortization on Purchased Callable Debt Securities, which would shorten the amortization period for callable debt securities purchased at a premium to the earliest call date. The firm supports the Board’s efforts to more closely align the interest income recognition for these instruments with the economics of investing in these securities, and to provide more decision-useful information to financial statement users. The firm suggested that the Board clarify certain aspects of the proposal.