Appendix J — Roadmap Updates for 2025
The tables below summarize the substantive changes made in the 2025
edition of this Roadmap.
New Content
|
Section
|
Title
|
Description
|
|---|---|---|
|
Acquisition of a Business That Has a
Variable Interest in a Legal Entity
|
Added section to discuss circumstances in which the
acquisition of a business that has a variable interest
in a legal entity results in a reconsideration event for
a previous VIE conclusion made by the acquiree.
| |
|
Tax Equity Structures
|
Added section to discuss considerations related to tax
equity structures, which are typically created to take
advantage of federal, state, and local tax credits and
similar incentives.
| |
|
Professional Practice Structures
|
Added section to discuss industry-specific considerations
related to professional practice structures (e.g.
physicians, dentists, accountants).
|
Amended Content
|
Section
|
Title
|
Description
|
|---|---|---|
|
8.2.3.2
|
Interests Received as a Loan or
Contribution
|
Removed language discussing historical views on
fixed-price put options.
|
|
10.1.2
|
VIEs Not Under Common Control
|
Added Changing
Lanes to address ASU 2025-03.
|
|
11.1.4.5
|
Consolidation of an Investment Fund When Separate
Accounts Are Involved for Insurance Entities
|
Added interpretive guidance on the consolidation of
investment funds when separate accounts of an insurance
entity own part of the funds.
|
|
D.3.1
|
Subsidiaries in Bankruptcy
|
Removed reference to speech made by Randolph Green at the
2003 AICPA Conference on Current SEC Developments.
|
|
E.1
|
Securitization Structures
|
Added considerations primarily related to (1) the impact
of credit enhancements on identifying variable interests
and (2) the evaluation of servicer kick-out rights in
leveraged securitization entities.
|