Question
The financial statements of the primary beneficiary of VIE must provide Multiple Choice the carrying amount of the consolidated assets used as collateral for VIEs.
The financial statements of the primary beneficiary of VIE must provide
Multiple Choice
the carrying amount of the consolidated assets used as collateral for VIEs.
the lack of recourse if creditors of the consolidated VIE have no recourse to general credit of primary beneficiary.
a description of the nature and purpose of the VIE.
the size of the VIE.
All of these answers are correct.
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The Successful Audit New Ways To Reduce Risk Exposure And Increase Efficiency
Authors: Felix Pomeranz
1st Edition
1556233914, 978-1556233913
