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Deloitte comments on the FASB's proposed ASU, Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative

Published on: Jun 28, 2019

Deloitte & Touche LLP comments on the FASB's proposed Accounting Standards Update (ASU) Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.

An excerpt from the comment letter is shown below:

We support the Board’s efforts to amend the disclosure and presentation requirements in the Codification in response to SEC Final Rule Release No. 33- 10532, Disclosure Update and Simplification.

Generally, we agree with the amendments in the proposed ASU. However, as noted in our responses to certain of the proposed ASU’s questions for respondents (see appendix below), we believe that the Board could clarify some aspects of the proposed guidance.

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

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