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2016

August 30, 2016 — FASB Votes to Finalize ASU on Amendments to Consolidation Guidance on Interests Held Through Related Parties Under Common Control

FASB Votes to Finalize ASU on Amendments to Consolidation Guidance on Interests Held Through Related Parties Under Common Control

Accounting Journal Entry
August 30, 2016
At its August 24, 2016, meeting, the FASB discussed feedback received on its proposed Accounting Standards Update1 (ASU) on the consolidation requirements in a reporting entity’s evaluation of interests held through related parties that are under common control. The Board reaffirmed the guidance in the proposed ASU and authorized the FASB staff to draft a final ASU.

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