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Accounting News Flash : Exposure Drafts issued in Q4 - 2016

ANF: Exposure Drafts issued in Q4 - 2016


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A number of exposures drafts (“EDs”) of new/amended standards and interpretations were released during last quarter of 2016, and some remained open for public comment up to first quarter of 2017.

This publication highlights key changes introduced in the EDs and briefly describes the impacts that these EDs may have to the future financial reporting.

The following are highlights of the EDs:

  • ED PSAK 71 – Financial Instruments
  • ED Amendments to PSAK 62 - Applying ED PSAK 71 Financial Instruments with PSAK 62 Insurance Contracts
  • ED PSAK 72 – Revenue from Contract with Customers
  • ED ISAK 32 - Definition and Hierarchy of SAK


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