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GASB proposes guidance to clarify majority equity interests

  • GASB document Image

Nov 10, 2017

The GASB has issued an exposure draft (ED), “Accounting and Financial Reporting for Majority Equity Interests.”

The objective of the ED is to “clarify the accounting and financial reporting for a state or local government’s majority equity interest in an organization that remains legally separate after acquisition.”

Com­ments on the ED are due by January 19, 2018. For more in­for­ma­tion, see the press release and ED on the GASB’s Web site.

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