The debate over how much, if any, of U.S. Central Federal Credit Union's December capital losses will be absorbed by retail corporates through their paid-in capital continues.
The Association of Corporate Credit Unions has been facilitating a forum for corporate CFOs and their respective auditing firms, and will prepare a document that sums up their opinions over the next couple of weeks, said ACCU Executive Director Brad Miller.
"There are differing opinions among audit firms as to how to treat the U.S. Central situation, and we are discussing a range of potential scenarios with supporting logic for each," Miller said.
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