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Comment: Disclosures about hybrid financial instruments with bifurcated embedded derivatives

The Grant Thornton LLP has commented on the proposed Accounting Standards Update (ASU), Disclosures about Hybrid Financial Instruments with Bifurcated Embedded Derivatives.

We support the Board’s objective to increase the transparency and usefulness of the information provided in the notes to the financial statements about hybrid financial instruments that contain bifurcated embedded derivatives. However, we do not support the issuance of the proposed guidance as a final ASU because, in our view, the costs of implementing the proposed guidance do not justify its benefits.

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