Section 1591 – Subsidiaries

December 02, 2016


Section 1591 applies to interests in other entities, except for:

  • Accounting for investments (see Section 3051), interests in joint arrangements (see Section 3056), or financial instruments (see Section 3856);
  • Accounting by investment companies (see AcG-18);
  • Employer's accounting for an employee benefit plan subject to Section 3462;
  • Accounting for special-purpose entities, including interests in qualifying special –purpose entities as set out in 3856 Appendix B; or
  • Accounting for contractual arrangements between enterprises under common control.
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