FASB Holds March 5 Meeting
March 6, 2025
At its March 5, 2025, meeting, the FASB discussed feedback received on its October
2024 proposed Accounting Standards Update (ASU) Determining the Accounting Acquirer in the Acquisition of a
Variable Interest Entity. The Board made tentative
decisions related to (1) transactions that the proposal would affect and (2) the
effective date, transition, and early adoption.
In addition, the Board concluded that the benefits of the proposed amendments are
expected to outweigh the costs and directed the staff to draft a final ASU for a
vote by written ballot.
For more information about the topics discussed at the meeting, see the
tentative Board decisions on the FASB’s Web
site.