Is it possible in anyway for an SPE or VIE to not require consolidation by the company which created it with the new FASB and IASB rules?
the rule says that it is to be consolidated by the entity that has the majority of the risks and rewards (gaap) or the entity which exhibits control (ifrs). that entity is usually the one that created it but doesnt technically have to be–have not seen a Q where that wasnt the case. but to answer your Q i think it can be and if that were the case the Q would make sure to point it out.
VIE rule says the company that derives maximum profit OR has the maximum risk should be the one to consolidate.
I’ve seen a question in the Q-Bank where the entity that consolidated it wasn’t the same as the sponsor.