On September 20, 2017, the FASB issued for public comment a proposed ASU1 that would reorganize the consolidation guidance in ASC 8102 by creating a new Codification topic, ASC 812, with separate sections for the guidance on (1) the variable interest entity (VIE) model and (2) the voting interest entity model. The goal of the proposed ASU is to make “navigating and understanding consolidation guidance easier without affecting how consolidation analyses are currently performed.” Comments on the proposed ASU are due by December 4, 2017.
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