This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

U.S. comment letter on equity method

Published on: Aug 05, 2015

Deloitte & Touche LLP comments on the FASB’s proposed ASU, Simplifying the Equity Method of Accounting, issued by the FASB on June 5, 2015.

An excerpt from the comment letter is shown below:

[We] support the Board’s objective of simplifying equity method accounting by removing the concept of one-line consolidation. We also support the Board’s proposal to eliminate the retrospective application of equity method accounting to situations in which an investment qualifies for the use of such accounting as a result of an increase in level of ownership.

Although we support the Board’s objective, we are concerned that the proposed simplification of equity method accounting could introduce new challenges related to the underlying principles of such accounting and could lead to new complexities.

Full text of the comment letter is available below.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.