• Industry: Financial Services, Investments
  • Type: Publication series
  • Date: 6/27/2013

Defining Issues - June 2013 

The FASB recently issued an Accounting Standards Update (ASU) that amends the criteria that define an investment company, clarifies the measurement guidance, and requires new disclosures.

Download Now
PDF files require Adobe Reader to view

Defining Issues (PDF 162KB): The changes to the definition criteria for an investment company likely will not cause most entities that are considered investment companies under current U.S. GAAP to become ineligible for investment company accounting and financial reporting. However, the ASU also requires new disclosures about an entity’s status as an investment company, changes to that status, and information about financial support provided by an investment company to an investee.


Get in touch with KPMG