American Accounting Association's Financial Accounting Standards Committee Response to FASB Exposure Draft, "Proposed Interpretation: Consolidation of Certain Special-Purpose Entities"

摘要: Laureen A. Maines, Chair; Eli Bartov; Anne Beatty; Christine Botosan; Patricia M. Fairfield; D. Eric Hirst; Teresa E. Iannaconi; Russell Mallett; Mohan Venkatachalam; Linda Vincent September 5, 2002 The Financial Accounting Standards Committee of the American Association (“the Committee”) is charged with responding to requests for comment from standard setters on issues related financial reporting. pleased respond FASB Exposure Draft Proposed Interpretation: Consolidation Certain Special-Purpose Entities (hereafter, ED). comments in this letter reflect views individuals and not those Association. Our response presented five sections. First, order evaluate ED we describe Committee’s perspective a principles-based general consolidation standard. In second section, within rubric third section describes recommendations proposals ED. fourth summarizes relevant academic accounting research findings that form basis views. This does directly investigate SPEs, but addresses including off-balance sheet financing, consolidation, disclosure issues. opinion SPEs based inferences research, as well understanding FASB’s Conceptual Framework. final our position.