Notice of RetractionAccounting recognition, measurement and disclosure of Asset-Backed Securitization in China

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

With fast development of ABS(Asset-Backed Securitization) in China, a series of related accounting problems had appeared. In order to record and disclose the accounting information originating from ABS, meet the demand of accounting information users, promote the development of ABS, this paper had a deep study on the accounting recognition, measurement and disclosure of ABS, and analyzed three methods of “Risk and Returns Approach”, “Financial Component Approach” and “Continuing Involvement Approach”. In the end, this paper proposes that we take advantage of FAS and IFRS, regulate the accounting treatment of ABS in CAS and lay down relevant application guides.