PwC comments on GASB's proposal on blending requirements

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Comment letter , PwC US Oct 13, 2015

PwC supports the GASB's proposal to provide guidance on the blending of certain component units.


PwC submitted comments on the GASB's exposure draft, Blending Requirements for Certain Component Units.  We support the board’s decision to establish a fourth blending requirement to address situations where the government is the sole corporate member of an NPO used in carrying out the government’s activities. In this type of NPO, the sole corporate member wields absolute power over the entity’s activities. We agree that in these circumstances, a blended presentation provides the best representation of the reporting entity.  We encourage the board to further clarify the criteria and requirements for blending in additional circumstances, such as those related to non-member NPOs, majority-owned component units, limited liability companies, and limited partnerships.

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Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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