In our letter, we support the FASB’s proposed amendments to modernize the accounting for internal-use software costs to better align the accounting with how software is developed. What’s more, we commend the Board’s approach to addressing stakeholders’ concerns by proposing amendments that provide a practical and operational path forward.
However, we have also identified certain areas that may benefit from additional amendments or clarification, in part, due to the increasing prevalence of artificial intelligence (AI) model development.
Read our comments in full here.
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