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.
Recent Searches
Overview
In our comment letter, we support the FASB’s objective to improve the accounting for and disclosure of certain crypto assets. We believe that the proposal to subsequently measure certain crypto assets at fair value would provide investors with more decision-useful information and reduce the complexity associated with applying the current cost-less-impairment accounting model. However, we suggest certain clarifications to improve the operability of the proposed guidance for preparers and reduce potential diversity in implementation.