PwC responds to the FASB’s proposed improvements for financial instruments

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Comment letter , PwC US Jan 15, 2019

The FASB recently proposed improvements to the accounting for financial instruments. Find out what we think.


PwC responded to the FASB’s recently-issued proposed Accounting Standards Update, Codification Improvements - Financial Instruments. The proposed amendments clarify and correct certain areas in the following financial instrument ASU’s:

  • ASU 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities
  • ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments
  • ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.

The proposed amendments clarify certain implementation issues raised by stakeholders, eliminate certain inconsistencies in the guidance and provide additional guidance to preparers on certain topics.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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