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Final Standard – Consolidations

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Sep 05, 2014

On September 5, the Accounting Standards Board issued the new Section 1591, Subsidiaries, which replaces Section 1590, Subsidiaries, and AcG-15, Consolidation of Variable Interest Entities.

Section 1591 includes additional guidance to judge when control is obtained through means other than equity interests. This standard is effective for fiscal years beginning on or after January 1, 2016 with earlier application permitted.

Review the final standard.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.