Yellow cabs waiting for green light on the crossroad of streets of New York City during sunny summer daytime

Comment Letter - FASB’s proposal on presentation and disclosure of contributed nonfinancial assets

Overview

In our comment letter, we support the FASB’s objective to increase the transparency of contributed nonfinancial assets for not-for-profit entities by enhancing presentation and disclosure. However, we recommend certain changes to make the proposed amendments more operable and clarify their scope.

Download PDF

(0)

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.