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FASB amends consolidation guidance related to common control

  • FASB document Image

Oct 26, 2016

The FASB has issued ASU 2016-17, “Interests Held Through Related Parties That Are Under Common Control.”

The ASU amends “the consolidation guidance on how a reporting entity that is the single decision maker of a VIE should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE.”

For more information, see Deloitte's related Heads Up newsletter as well as the final ASU on the FASB’s Web site.

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