Evaluating securitisation SPEs for consolidation under US GAAP and IFRS | Practical Law
This article analyses the latest developments affecting consolidation rules for securitisations, in relation to who must consolidate the SPE under Generally Accepted Accounting Principles in the US (US GAAP), the US Financial Accounting Standards Board (FASB) proposal to change its consolidation rules, and consolidation guidance in the International Financial Reporting Standards (IFRS).