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Comment Letter - FASB proposal on the application of the scoping guidance in ASC 718 to profits interest awards


In our comment letter, we support the FASB’s objective to clarify how an entity would apply the scoping guidance in ASC 718 to determine whether profits interests and similar awards should be accounted for in accordance with that accounting standard or another accounting standard. We also recommend that the Board clarify certain matters to improve the operability of the proposed guidance for preparers and reduce potential diversity in implementation.

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