Grant Thornton recently submitted a comment letter to the FASB in response to its proposed Accounting Standards Update, Fair Value Measurement (Topic 820) – Investment Companies with Equity Securities Subject to Contractual Sale Restrictions. The proposed guidance would require investment companies to include the economic effect of contractual sale restrictions in their measurement of an equity security’s fair value.
In our letter, we express agreement with the proposal insofar as it addresses the practical concerns raised on behalf of investment companies with the FASB. We also highlight several conceptual concerns and encourage the Board to take on a broader project to address those concerns.
Download (PDF - 201.77KB) our letter to read our comments in full, including our responses to certain FASB queries.
Trending topics
Share with your network
Share