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Comment: Support for FASB’s ASU Leases (Topic 842): Targeted Improvements

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Grant Thornton addressed a letter to the FASB expressing support for its Accounting Standards Update, Leases (Topic 842): Targeted Improvements. The firm supports the proposed amendments regarding transition, while having concerns about the operability of the proposed guidance on separating components of a contract for lessors. The letter details these reasons in answers to the FASB’s questions for respondents.