The CPA Desk

A Thought Leader Production by PKFTexas

Tag Archives: Public company

Update for Private Companies from FASB

Last week, the Financial Accounting Standards Board (FASB) issued a GAAP alternative which allows private companies to elect not to consolidate variable interest entities (VIEs) in common control leasing agreements. Who is affected by this update? This applies to all entities other than a public business entity, a not-for-profit entity, or an employee benefit plan… Continue Reading