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U.S. comment letter on balance sheet classification of deferred taxes

Published on: May 29, 2015

Deloitte & Touche LLP comments on the FASB's proposed ASU, Balance Sheet Classification of Deferred Taxes, issued by the FASB on January 22, 2015.

An excerpt from the comment letter is shown below:

We support the Board’s efforts to make improvements to aspects of U.S. GAAP that are unnecessarily complex and costly as part of its simplification initiative. We believe that the proposal furthers these objectives and agree that the balance sheet classification of deferred taxes should be changed to treat all deferred taxes as noncurrent.

Full text of the comment letter is available below.


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