Answer
The chief purpose of this letter is to postpone the conclusion of the subsidiaries standard. As shown in the letter, the creators of this letter ask the FASB to uncover its new proposition for an open remark, following the built-up fair treatment systems that are basic to an acknowledgment of its standards and giving adequate time to affected entities to comprehend and evaluate the new methodology.
Work Step by Step
Creators take note of: The FASB demonstrated in a subsequent letter that all fair treatment techniques had been pursued, and every single influenced assembling had more than sufficient time to remark. What's more, the FASB issued a subsequent standard, which deferred the successful date of the standard, to some extent to give organizations more opportunity to build up the data frameworks required for execution of the standard.
