Codification Improvements (2025 BDO Comment Letter)
BY ACCESSING THE FASB DOCUMENTS ON THIS SITE, YOU ACCEPT AND AGREE TO THESE FASB TERMS AND THE WEBSITE TERMS AS APPLIED TO YOUR USE OF THIS SITE OR ANY FASB LICENSED DOCUMENTS.
On January 22, 2025, the FASB proposed 34 updates to U.S. GAAP to clarify and improve the accounting for a broad range of topics.
In our comment letter, BDO supported the Board’s efforts to improve the clarity and understandability of U.S. GAAP and agrees with the proposed changes.