John Jenkins recently took note of this letter from the SEC's Office of Investor Advocate commenting on a proposal by the Financial Accounting Standards Board to amend the definition of "materiality" in Concepts Statement No. 8, Conceptual Framework...
Materiality - "Shoulda, Coulda, Woulda?"
Posted on August 01, 2017
The Case Of The Wholly Owned, But Not Totally Held, Subsidiary That May Or May Not Be 100% Owned
Posted on July 20, 2017
When someone says that a subsidiary is "wholly owned", I believe that the common understanding is that the parent company owns all of the issued and outstanding equity of the subsidiary. What if the statement is that the subsidiary is "totally" or...
