An evaluation of the FIN 46R consolidation standard

Chandra Subramaniam and Richard S. Mark

Research in Accounting Regulation, 2010, vol. 22, issue 2, 133-136

Abstract: The FASB is reconsidering several provisions related to FIN 46R. The FASB and the IASB are also reevaluating the concept of an “entity” in their conceptual framework project. This study investigates the financial statement impact of Financial Interpretation (FIN) 46R. In addition, we examine changes in firms’ risk profile using bond yields. Our findings suggest that the impact of FIN 46R was minimal and largely confined to the financial sector and the energy production sector. In addition, corporate risk was largely unaffected. These findings suggest that FIN 46R is not entirely effective at reducing off-balance sheet financing and manipulations.

Keywords: Financial Interpretation 46R; FASB; IASB; Off-balance sheet financing (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reacre:v:22:y:2010:i:2:p:133-136

DOI: 10.1016/j.racreg.2010.07.009

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