United States

ASU 2016-17, Consolidation (Topic 810)—Interests Held through Related Parties That Are under Common Control

Jan 11, 2017
From Financial Reporting View

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This podcast features professionals from KPMG's Department of Professional Practice discussing ASU 2016-17, Consolidation (Topic 810)—Interests Held through Related Parties That Are under Common Control, which amends the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (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 additional information on ASU 2016-17, read our Defining Issues 16-35, FASB Proposes Targeted Change to VIE Primary Beneficiary Test.