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  "documentTitle": "MSCI Inc. (MSCI)",
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  "notes": "Includes a red arrow annotation highlighting the 20-year figure in the table.",
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      "text": "CoStar Group Disclosure: Acquired intangible assets characterized as customer base assets consist of acquired customer contracts and the related customer relationships and are amortized over periods ranging from 3 years to 13 years.",
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      "text": "Spruce Point finds a pattern of MSCI's management making aggressive, if not unrealistic assumptions, which flatter EPS.",
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      "text": "amortization period: 20 years",
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      "text": "The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements...",
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      "text": "Spruce Point finds a pattern of MSCI's management making aggressive, if not unrealistic assumptions, which flatter EPS. For example, MSCI assumed that RCA's customer relationships were 20 years...",
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      "text": "Acquired intangible assets characterized as customer base assets consist of acquired customer contracts and the related customer relationships and are amortized over periods ranging from 3 years to 13 years. Acquired customer bases are amortized on an accelerated or straight-line basis depending on the expected economic benefit of the intangible asset. — CoStar Group 10-K",
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      "text": "Source: MSCI 10-K and Crunchbase for RCA founding date, CoStar 10-K.",
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      "text": "RCA's Accounting Valuation Assumptions Appear Wildly Aggressive",
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