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Accounting & Audit Alert March 2015


RubinBrown's Accounting & Auditing Alert is published monthly to inform our clients and contacts about relevant technical accounting and audit-related information.

FASB Issues Consolidation Guidance For Legal Entities Such As LLCs, Limited Partnerships, And Securitization Structures

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, which is intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions).

Private Company Council Meeting Recap

At its most recent meeting on February 13, 2015, the Private Company Council (PCC) continued its work on certain financial reporting issues. Following is a brief summary of items addressed by the PCC at that meeting.


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