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2018

FASB Finalizes Targeted Amendments to the Related-Party Guidance for Variable Interest Entities (November 19, 2018)

Heads Up | Volume 25, Issue 20
November 19, 2018
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FASB Finalizes Targeted Amendments to the Related-Party Guidance for Variable Interest Entities

On October 31, 2018, the FASB issued ASU 2018-17,1 which amends two aspects of the related-party guidance in ASC 810.2 The ASU (1) adds an elective private-company scope exception to the variable interest entity (VIE) guidance for entities under common control and (2) removes a sentence in ASC 810-10-55-37D regarding the evaluation of fees paid to decision makers to conform with the amendments in ASU 2016-173 (issued in October 2016).

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