BDO Comment Letter - Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity

Comment Letter alarm

December 12, 2024


BDO supports the Board’s proposal to require that an entity consider the factors in ASC 805 for acquisition transactions primarily effected by the exchange of equity interests in which the legal acquiree is a variable interest entity that meets the definition of a business.. BDO suggested clarifications on specific aspects of the proposal to improve the operability of the proposed guidance.