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Post-Implementation Review: Section 3856, Financial Instruments [Completed]

Effective date:

The AcSB issued its Feedback Statement in September 2015

Transitional provisions:

Not applicable

Last updated:

January 2017


A post-implementation review is an opportunity to assess the effect of a new standard or major amendment on financial statement users, preparers and auditors. The review considers whether the standard has achieved the intended objectives and the issues that were important or contentious during the development of the standard as well as issues that have come to the attention of the AcSB after the standard was published.  The AcSB will consider the feedback received from this Request for Information along with other evidence and information that it has obtained. The AcSB will consider making amendments to the standard; however, there is no presumption that a post-implementation review will lead to any changes to the standard.

Other developments

September 2015

On September 11, 2015, the AcSB released it's Feedback Statement that summarizes the input received from stakeholders during the course of this Post-implementation Review.

October 2014

On October 8, 2014, the AcSB issued a Request for Information seeking feedback on whether Section 3856, Financial Instruments, is causing unexpected challenges and is meeting user needs.

Correction list for hyphenation

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