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Comment: Proposed updates to the consolidation analysis

Grant Thornton LLP comments on proposed Accounting Standards Update, Consolidation (Topic 810): Interests Held through Related Parties that are under Common Control. We agree with the board’s conclusion in this proposal that a reporting entity should treat indirect interests in a variable interest entity held through related parties under common control the same as indirect interests held through related parties that are not under common control when assessing whether the reporting entity is the primary beneficiary of the variable interest entity.

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