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Comment on FASB on goodwill accounting

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Grant Thornton submitted the attached comment letter on the FASB’s Invitation to Comment (ITC), Identifiable Intangible Assets and Subsequent Accounting for Goodwill on whether or how to change the subsequent accounting for goodwill and the recognition of certain intangible assets in a business combination. Grant Thornton supports the project in general and believes some improvements can be achieved. The letter offers the firm’s responses to selected ITC questions.

Read our comment letter