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Comment: Supporting FASB ASU on Income Taxes

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Grant Thornton submitted a letter to the FASB commenting on a proposed Accounting Standards Update, Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes. The company believes the FASB’s proposed amendments will reduce cost and complexity while maintaining or improving the usefulness of the information provided to financial statements users. Grant Thornton’s letter provides answers asked by the FASB regarding aspects of the ASU.

Read our comment letter