footbridge

To the Point - Proposal would amend guidance for identifying the accounting acquirer in acquisitions involving VIEs


Overview

Our publication discusses the FASB’s proposal amending the guidance for identifying the accounting acquirer in an acquisition achieved primarily through an exchange of equity interests in which the legal acquiree is a variable interest entity (VIE) that meets the definition of a business. The proposal would more closely align the requirements for identifying the accounting acquirer in the acquisition of a VIE with those that apply to acquisitions that involve voting interest entities. Comments are due by 16 December 2024.

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