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.
Select your location
Local sites
Overview
Our publication summarizes the FASB’s proposed amendments to require entities to account for certain exchanges of debt instruments as the issuance of a new debt obligation and the extinguishment of an existing debt obligation when certain conditions are met. Comments are due by 30 May 2025.