Post-implementation Review of Section 3856 – AcSB

Date recorded:

At its meeting on February 18, 2020, the AcSB discussed feedback from stakeholders that the transition guidance in FINANCIAL INSTRUMENTS, paragraph 3856.68(b), is inconsistent with the Basis for Conclusions. The Board decided to correct the guidance in paragraph 3856.68(b) to better reflect its intent as described in paragraphs 55-56 in the Basis for Conclusions. The AcSB plans to issue the correction no later than the second quarter of 2020.

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.