188bet亚洲真人体育下载 panels submit comments to GASB on majority equity interests

两个 美国注册188bet亚洲真人体育下载 (188bet亚洲真人体育下载) panels recently submitted comments to the 政府al 会计 Standards Board (GASB) on its Exposure Draft (ED), 会计 and Reporting for Majority Equity Interests. 的 primary objective of the ED is to improve consistency of reporting a 政府’s majority equity interest in a legally separate organization. 

的 188bet亚洲真人体育下载 State and Local 政府 Expert Panel recommended in its January 29 信 that GASB delay issuance of the proposed standard until it considers comprehensive guidance on what constitutes an equity interest. While the Panel supported the Board’s conclusion to give priority to the definition of an investment when evaluating the reporting of a 政府’s majority equity interest in a legally separate organization, it expressed concern about the lack of clear guidance of what is or is not an equity interest and the diversity in practice that currently exists given the complexity of legal structures used to establish separate entities (e.g., not-for-profit corporations, limited liability companies, limited liability partnerships, 有限合伙企业).  

的 188bet亚洲真人体育下载 Private Companies Practice Section Technical Issues Committee’s (议会)十二月二十二日 信 noted that many tribal enterprises are majority owned by the tribe and that TIC has seen them recorded as both an investment and a component unit under current GAAP. 其中一个问题是, especially as it relates to tribal 政府s, is the difficulty and subjectivity of intent of ownership. While this ED does help by stating that if it meets the definition of an investment it should be reported as one, this may cause 政府s that want to present as component units to look differently at the question of intent. gab第14条第55段 的 财务报告 Entity, provides an example, but TIC fears that might not be enough. 然而, TIC did agree with an investment being the default, with the component unit only being used if it does not meet the definition of an investment.