PwC comments on FASB proposal on SEC referred disclosures

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Comment letter , PwC US Jun 28, 2019

See what PwC thinks about the FASB’s proposed disclosure improvements.


PwC submitted its comments on the FASB’s proposal, Disclosure Improvements, Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. We support the Board’s and SEC’s shared goal to streamline disclosures and remove redundancies between SEC disclosure requirements and US GAAP. We agree with the Board’s decision not to propose amendments for certain of the referred disclosures. Procedurally, we recommend the Board finalize the proposed amendments so that the SEC can then evaluate the disclosure requirements in Regulation S-X and Regulation S-K, and eliminate any duplication as part of its Disclosure Update and Simplification project. We generally agree with the FASB’s proposal, and in some cases recommended additional modifications.

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Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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