Filed under: Broad transactions
KPMG provides an update on consolidation guidance under US GAAP. KPMG discusses amendments made to the consolidation guidance in ASU 2018-17.
- All entities that are required to determine whether they should consolidate a legal entity under the variable interest entity guidance, including private companies that have elected the common control leasing alternative.
- KPMG discusses how to apply the new private company variable interest entity exemption and decision maker variable interest criteria
- KPMG’s Defining Issues: FASB expands the private company VIE exemption and changes fee guidance for decision makers
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