This summary of Accounting Standards Board (AcSB) decisions has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussion on projects, which may change after further deliberations by the Board. Decisions to publish Handbook material are final only after a formal ballot process.
Standards for Private Enterprises
Narrow-scope Amendments
Investments
The AcSB considered feedback in comment letters from stakeholders and the advice of its Private Enterprise Advisory Committee on its Exposure Draft, “Investments.” The Board will continue to discuss the transitional provisions for the narrow-scope amendments to Section 3051, Investments, at its March 2019 meeting.
The AcSB plans to issue the final amendments no later than the second quarter of 2019.
Income Taxes
The AcSB considered feedback in comment letters from stakeholders and the advice of its Private Enterprise Advisory Committee on its Exposure Draft, “Income Taxes.” The Board approved issuing narrow-scope amendments to Section 3465, Income Taxes, as proposed, subject to final drafting and a written ballot.
The AcSB plans to issue the final amendments no later than the second quarter of 2019.
Financial Instruments – Hedging
The AcSB considered feedback from its Agriculture Advisory Group and other stakeholders about the hedge accounting guidance in Section 3856, Financial Instruments. The Board plans to decide whether to undertake a hedge accounting project at its March 2019 meeting.
Due Process
The AcSB approved a report to the Accounting Standards Oversight Council on its compliance with due process.