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 Board’s proposal to require a joint venture to apply a new basis of accounting and initially measure most of its assets and liabilities at fair value upon formation. We believe this would reduce diversity in practice related to the measurement of joint ventures at formation. While we believe the proposed amendments generally would be understandable and operable, we recommend that the Board clarify certain aspects.