In the context of
securitisation, AASB stands for Australian Accounting Standards Board. The AASB is the national standard-setting body for accounting in Australia. It is responsible for developing and issuing accounting standards that are used by businesses and other organizations in Australia.
The
AASB has issued a number of standards that are relevant to securitization, including: AASB 137 Financial Instruments: Recognition and Measurement AASB 138 Financial Instruments: Derecognition AASB 139 Financial Instruments: Hedge Accounting AASB 140 Lease Accounting AASB 141 Accounting for Emissions Trading These standards provide guidance on how to account for the various aspects of securitisation, including the origination of the assets, the transfer of the assets, and the subsequent accounting for the interests in the securitisation vehicle.
The AASB's standards are designed to provide investors with reliable and comparable information. This information can help investors to make informed decisions about whether to invest in securitisations. The AASB's standards are also designed to promote transparency and accountability in the securitisation, helping to reduce the risk of fraud and abuse. The AASB's standards are an important part of the regulatory framework for securitisation in Australia. They help to ensure that activity is conducted in a fair and transparent manner.