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Consolidation: Interests held through related parties that are under common control

The objective of this project is to evaluate interests held through related parties that are under common control in the consolidation assessment for variable interest entities.

 

Meeting minutes

  • August 24, 2016 — The Board met to (1) redeliberate its proposed ASU Indirect Interests Held Through Related Parties That Are Under Common Control, based on comment letter feedback, and (2) decide whether to affirm the guidance in the proposed ASU.
  • January 20, 2016 — The Board discussed the proposed technical correction to Subtopic 810-10.

 

Current status

On October 26, 2016, the FASB issued ASU 2016-17, Interests Held Through Related Parties That Are Under Common Control.

 

Project milestones

Date Developments Comments
June 23, 2016 Proposed ASU, Interests Held Through Related Parties That Are Under Common Control Comments due July 25, 2016.
October 26, 2016 FASB Accounting Standards Update 2016-17 Interests Held Through Related Parties That Are Under Common Control Effective December 15, 2016, for public business entities.

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.