BDO Comment Letter - Technical Corrections and Improvements to Recently Issued Standards - Part I
November 2017
Technical Corrections and Improvements to Recently Issued Standards - Part I: Accounting Standards Update No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities; Part II: Accounting Standards Update No. 2016-02, Leases (Topic 842) (File Reference No. 2017-310)
BDO generally supports the FASB's proposed improvements to the recently issued standards on recognition and measurement of financial assets and liabilities (ASU 2016-01) and leases (ASU 2016-02). We believe that the proposal, together with our recommendations, would improve the standards.