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CONDUIT DEBT TEMPLATE

Not-for-profit entities (NFPs) with conduit debt that have securities that are traded, listed or quoted on an exchange or over-the-counter (OTC) market are required by certain Accounting Standards Updates (ASUs) to use the same effective dates and expanded disclosures that are imposed on public business entities (PBEs).  Moore Stephens Lovelace, P.A. (MSL) has developed a template to assist in your determination of whether your NFP is subject to the accelerated effective dates consistent with other PBEs.  

For further clarification, please contact your MSL representative.

 
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Conduit debt obligors that have securities that are traded, listed, or quoted on an exchange or over-the-counter (OTC) market are required by certain accounting standard updates (ASUs) to implement earlier than non-profit entities without such debt.  Repositories such as the Electronic Municipal Market Access Service (EMMA) or the Trade Reporting and Compliance Engine do not permit or allow the execution of trades.  A requirement (or election) to report historical data to these repositories should not be used as an indicator of public conduit debt. The following is a practice aid to assist in your determination:

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