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FASB discusses improvements to related-party guidance for VIEs

  • FASB meeting Image

May 18, 2018

At its May 16, 2018, meeting, the FASB discussed targeted improvements to its related-party guidance for variable interest entities (VIEs).

Specifically, the Board discussed feedback received on its June 2017 proposed ASU, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities, and made tentative decisions on the accounting alternative for private companies, decision-making fees, and VIE related-party guidance. The Board directed its staff to begin drafting a final ASU for a vote by written ballot.

For more information, see the meeting minutes on the FASB’s Web site.

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