This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Post-implementation Review of Section 3856 - AcSB

Date recorded:

At its meeting on May 16, 2017, the AcSB considered feedback received from the “Post-implementation Review of Section 3856, Financial Instruments” and additional targeted advice from members of its Private Enterprise Advisory Committee on alternatives to resolve the following narrow-scope issues:

  • Initial measurement of related party financial instruments
  • Measurement of related party compound financial instruments
  • Classification of impairment and forgiveness of related party loans
  • Scope of accounting for modifications and extinguishments of related party loans
  • Usefulness of financial instrument risk disclosures
  • Application by not-for-profit organizations

The Board will issue an exposure draft on these narrow-scope issues no later than the fourth quarter of 2017.

Review the Executive Summary on the AcSB's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.