In our comment letter, we generally support the FASB’s simplification initiative and applaud the Board’s efforts to reduce the cost and complexities associated with the current guidance on accounting for convertible instruments and contracts in an entity’s own equity. We also recommend ways to further clarify certain aspects of the proposal.
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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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