TEI Urges FASB to Withdraw Proposed Updates Requiring Disclosure of Government Assistance Agreements

On February 10, 2016, TEI submitted a comment letter to the Financial Accounting Standards Board concerning the FASB's proposal to require public disclosure of material terms and conditions of government assistance agreements. The FASB proposal is set forth in the exposure document entitled, "Proposed Accounting Standards Update—Disclosures by Business Entities about Government Assistance (Topic 832)." TEI urged the FASB to withdraw the proposed update from consideration because the detriments it would cause far outweigh possible improvements to financial information provided to users of financial statements.

Download the submission.