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In our comment letter, we say the FASB shouldn’t add a project to its technical agenda to incorporate the accounting for government grants in IAS 20 into US GAAP for business entities. We believe that the current practice of analogizing to IAS 20 (or other appropriate guidance) works for most business entities and adding guidance to US GAAP is not necessary. We also believe that incorporating this guidance into US GAAP would likely require more effort than expected, and the time and cost of doing so would outweigh any benefit to stakeholders.