This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

FASB proposes changes to consolidation guidance related to common control

  • FASB document Image

Jun 23, 2016

The FASB has issued a proposed ASU, “Interests Held Through Related Parties That Are Under Common Control.”

The pro­posal would “change the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a reporting entity that is a single decision maker of a VIE would treat indirect interests in the entity held through related parties that are under common control with the reporting entity."

Com­ments on the pro­posed ASU are due by July 25, 2016. For more in­for­ma­tion, see Deloitte's related journal entry as well as the pro­posed ASU on the FASB’s Web site.

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.