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Comment: Disclosures by business entities about government assistance

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Grant Thornton LLP comments on Proposed Accounting Standards Update (ASU), Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance. We support the Board’s objective to develop guidance on accounting for government assistance, including disclosure requirements, in order to increase transparency about government assistance received by entities. However, we do not believe that the proposed ASU fully achieves the Board’s objective.

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