Securitization Accounting Expert
Uncertain economic conditions can cause unanticipated fluctuations in the “fair value” and pricing of securitized assets, leading to legal disputes and litigation.
The team of forensic accountants at SS&G, under the direction of accounting author and expert Dr. Barry Epstein, is available to assist law firms and government agencies in analyzing the financial obligations of issuers and investors involved in securitized assets.
Entities that generate a large number of similar receivables commonly securitize these receivables.
Securitization is the transformation of groups of homogeneous receivables into securities that can then be sold to investors. For example, commercial loans can be converted into collateralized debt obligations (CDOs). These CDOs entitle investors to receive specific cash flows generated by the loans.
Securitization accounting involves many aspects of modern contract and property law. Dr. Epstein can assist you in analyzing the GAAP accounting standards relating to:
- Conversion of loans/leases into securities
- Independent special purpose financing entities
- Qualified special purpose financing entities (QSPE)
- “True sale” accounting criteria
- Cash flow and credit risk associated with securitized tranches
We understand the technical accounting guidelines for various types of securitized assets, including:
- Mortgage backed securities (MBS)
- Subprime mortgage loans
- Credit default swaps (CDS)
- Collateralized debt obligations (CDO)
- Credit card securities
- Auto loan securitized assets
- Student loan securitized assets
Contact a Securitization Accounting Expert
Barry Jay Epstein, Ph.D., CPA, CFF, is a Chicago-based financial reporting expert, author, and litigation consultant with over 40 years experience as an accountant, auditor, lecturer, writer and financial executive. Contact Dr. Epstein via email or phone at 312-464-3520.