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.