Comments: supplier finance programs

On March 21, Grant Thornton submitted a comment letter in response to the FASB’s proposed ASU, Disclosure of Supplier Finance Program Obligations (Liabilities: Supplier Finance Programs (Subtopic 405-50)). The firm supports the Board’s efforts to require disclosures about the supplier finance program used by reporting entities to manage their working capital, liquidity, and cash flows. We have a few suggestions for the Board to consider in clarifying the proposed disclosures and their applicability to private companies.

Download our letter to read our comments in full.