Close
Close

Comment: FASB proposal on cloud computing accounting

Download RFP
Grant Thornton submitted this comment letter to the FASB regarding its proposal to align the accounting for implementation costs related to cloud computing arrangements. We agree with the proposal, and the comment letter includes some editorial suggestions for the FSAB to consider before finalizing this guidance. In addition, Grant Thornton recommends that the FASB undertake a broad project to clarify the characteristics of service arrangements where associated costs should be capitalized.