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Basis for Conclusions – Accounting for Related Party Financial Instruments and Significant Risk Disclosures

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Dec 12, 2018

On December 12, 2018, the Accounting Standards Board (AcSB) released this document which sets out how the AcSB reached its conclusions on the Related Party Financial Instruments and Significant Risk Disclosures project, and discussions on significant matters arising from comments received and issues raised in response to its Exposure Draft.

The amendments are effective for fiscal years beginning on or after January 1, 2020. The AcSB decided that the effective date of these amendments will be the same as the amendments related to the Exposure Draft “Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement” and that preparers would be permitted to early adopt the amendments.

Download the Basis for Conclusions on the AcSB's website.

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