The FASB has proposed to address longstanding questions in applying ASC 842 to leases between entities under common control. Mind the GAAP and Wipfli, LLP wrote a letter to the FASB expressing our concerns with the proposal.
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Recent Posts
FASB Considering Incorporating IFRS Rules on Government Grants
Mind the GAAP Issues Joint Comment Letter on FASB Common Control Leases Proposal
New Disclosures of Supplier Finance Program Obligations
Mind the GAAP and Wipfli Issue Joint Comment Letter on Accounting for Government Assistance
What is the Conceptual Framework and Why Should I Care?
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