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Deloitte comments on FASB's proposed reorganization of consolidation

Published on: Dec 05, 2017

Deloitte & Touche LLP comments on the FASB's Proposed ASU "Consolidation (Topic 812): Reorganization," which was issued in September 2017.

An excerpt from the comment letter is shown below:

We acknowledge that the consolidation guidance in ASC 810 is complex and often misunderstood by preparers, practitioners, and other stakeholders. Therefore, we support the FASB’s efforts to reorganize the standard to improve readability and navigation. However, we believe that the proposed ASU, as released, will introduce unintended cost and complexity for stakeholders for the reasons outlined below.

For more information, see the full text of the comment letter which is available below.


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