Industry Insights

FASB’s New Consolidation Guidance

March 2015

New Financial Accounting Standards Board (FASB) guidance makes targeted changes to the current consolidation guidance and ends a deferral granted to investment companies. All entities will have a new way to evaluate consolidation; consolidation conclusions and disclosures may change, with partnerships and investment companies being the most affected. Application of the new standard could result in some entities being deconsolidated or considered to be a VIE and subject to additional disclosures. 


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