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Consolidation –FASB Discusses Comments on Consolidation Reorganization Proposal

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Consolidation –FASB Discusses Comments on Consolidation Reorganization Proposal

Summary - As reported in its “Summary of Board Decisions” publication, the FASB met on April 20, 2022, and discussed feedback received in response to the 2021 Invitation to Comment, Agenda Consultation, on the:

• Current project to reorganize the guidance in Topic 810, Consolidation; and
• Consolidation guidance more broadly.

On the basis of this feedback, the FASB decided to remove the project from its technical agenda. Additionally, the FASB chair added a project, Consolidation for Business Entities, to the FASB research agenda. That research project will explore whether a single consolidation model could be developed for business entities. 

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