This online self-study CPE course is an essential guide for professionals dealing with financial asset transfers, offering a deep dive into the world of true sale opinions. You'll gain the ability to recognize when these opinions are necessary, which is crucial in ensuring the legality and safety of your financial transactions. The course also sheds light on the role of internal legal counsel in issuing these opinions, helping you make informed decisions about legal resources. Moreover, by learning about specific language that should not be included in a true sale opinion, you'll be able to safeguard your transactions against potential legal pitfalls. Additionally, understanding the characteristics of a nonconsolidation opinion enhances your expertise in handling complex financial matters. This online self-study CPE course doesn't just teach; it equips you with practical skills that directly benefit your professional practice.
Learning Objectives
Upon completion of this course, you will be able to:
Recognize when a true sale opinion is generally required to be obtained;
Identify considerations regarding whether internal legal counsel can issue a true sale opinion;
List specific language that should not be included in a true sale opinion; and
Recognize characteristics of a nonconsolidation opinion.
Major Topics
What is a True Sale Opinion, and when does it come into play
True Sale Opinion language
What are the audit impacts from restrictions on use
Conditions for sale accounting