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Journal entry — Consolidation — FASB plans to continue discussing proposed amendments to guidance

Published on: Nov 12, 2014

At its meeting today, the FASB received an update from its staff about the status of its consolidation project. The staff indicated that a significant number of comments were received on the FASB’s draft amendments to the consolidation guidance. On the basis of the staff’s recommendation and the feedback received from external reviewers, the FASB has decided to hold a meeting on December 10, 2014, to further discuss certain significant items raised during the external review process.

Editor’s Note: The staff indicated that because the FASB plans to continue deliberating the project, a final consolidation standard is not expected to be issued before February 2015.

Consolidation — FASB plans to continue discussing proposed amendments to guidance Image

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