In a culmination of a project begun in the wake of disclosures concerning Enron Corporations' use of special-purpose entities (SPEs), the Financial Accounting Standards Board (FASB) issued its long-anticipated interpretation of ARB No. 51, <i>Consolidated Financial Statements</i>, and FASB Statement No. 94, <i>Consolidation of All Majority-Owned Subsidiaries</i>, on January 17, 2003.
Jeffrey H. EllisThis is the first of a two-part article
In a culmination of a project begun in the wake of disclosures concerning Enron Corporations' use of special-purpose entities (SPEs), the Financial Accounting Standards Board (FASB) issued its long-anticipated interpretation of ARB No.
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