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Special Purpose Vehicle
(redirected from Special-Purpose Entities)

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Special Purpose Vehicle
A subsidiary of a company that attempts to isolate risk from the parent company by maintaining its assets and liabilities on a completely separate balance sheet. It can be used as a counterparty in swap transactions, or the parent company can finance a project through an SPV that would put the parent company in danger of bankruptcy if the project does not perform well. During the Enron scandal, SPVs developed notoriety because Enron hid much of its debt in SPVs.
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FASB published standards that change the way entities account for securitizations and special-purpose entities.
FASB published standards that change the way entities account for ... by Journal of Accountancy
46[R], which both change the way entities account for securitizations and special-purpose entities.
Changing the Accounting for securitizations and special-purpose ... by California CPA
TWO YEARS AFTER ENRON'S FRAUDulent special-purpose entities that hid debt and inflated cash were revealed, the Financial Accounting Standards Board (FASB) has sought to close loopholes with a major rewriting of accounting standards that requires off-balance-sheet transactions to be consolidated in financial statements so investors and creditors can assess their risks.
Contentious road to reporting off-balance-sheet entities by Levinsohn, Alan / Strategic Finance
 
 
 
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