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Comment letter - FASB proposal on accounting for government grants


Overview

In our comment letter, we support the FASB’s proposal to establish authoritative guidance on the accounting for government grants by business entities by leveraging the guidance in International Accounting Standard (IAS) 20, Accounting for Government Grants and Disclosure of Government Grants. However, we recommend the Board clarify certain aspects to improve operability, reduce diversity in application and allow stakeholders to better understand the Board’s intent on those specific items.

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