Project Pages

Implementation Guidance—Update

Project Description: The objective of this project is to update implementation guidance for additional issues that come to the attention of the staff. In addition, this project will result in issuance of an annual update to the Comprehensive Implementation Guide.

Status:
Added to Current Agenda: April 2017

Implementation Guidance—Update—Project Plan


Background
: Implementation guidance is updated annually through the addition of new questions and answers, which are incorporated into the Comprehensive Implementation Guide.

Project History:
  • Implementation Guide No. 2017-1, Implementation Guidance Update–2017, cleared for issuance: March 2017
  • Current update project added to current technical agenda: April 2017

Current Developments: The project staff identified potential topics for the 2018 update.

Work Plan
:

Board Meetings   Topics to be considered
November 2017 (T/C):   Review ballot draft of an Exposure Draft and consider a proposed Implementation Guide for clearance.
December 2017–January 2018:   Comment period.
March 2018 (T/C):   Redeliberate issues based on respondent feedback.
April 2018:   Review a preballot draft of a final Implementation Guide.
May 2018 (T/C):   Review a ballot draft and consider a final 2018 Implementation Guide for clearance.
August–September 2018:   Develop materials for 2019 update.
October 2018:   Deliberate issues.
October 2018 (T/C):   Review preballot draft of an Exposure Draft of a proposed Implementation Guide.
November 2018:   Review ballot draft of an Exposure Draft and consider a proposed Implementation Guide for clearance.
December 2018–January 2019:   Comment period.
March 2019:   Redeliberate issues based on respondent feedback.
April 2019 (T/C):   Review a preballot draft of a final Implementation Guide.
April 2019   Review a ballot draft and consider a final 2019 Implementation Guide for clearance.

Implementation Guidance—Update—Recent Minutes


Minutes of Meetings, October 31−November 2, 2017


The Board reviewed and provided comments on the preballot draft of an Exposure Draft of Implementation Guide No. 201Y-X, Implementation Guidance Update—201Y, including an additional staff-proposed amendment to Question 4.77 in Implementation Guide No. 2016-1, Implementation Guidance Update—2016, to address an issue identified since the initial discussion at the October 16, 2017 teleconference meeting of project staff proposals for this update. The Board did not object to moving forward with development of a ballot draft of the Exposure Draft for consideration at the November 20, 2017 teleconference.

Minutes of Teleconference, October 16, 2017


The Board evaluated and tentatively did not object to proposed new questions and answers and proposed amendments to existing questions and answers to be incorporated into the next implementation guidance update for the following topics:

  • Disclosures Related to Deposits with Financial Institutions, Investments (including Repurchase Agreements), and Reverse Repurchase Agreements
  • Cash Flows Reporting
  • Pensions—Plan and Employer Accounting and Reporting
  • Basic Financial Statements and Management’s Discussion and Analysis
  • Postemployment Benefits Other Than Pensions—Plan and Employer Accounting and Reporting
  • The Statistical Section
  • Other Implementation Guidance—Regulated Operations
  • Other Implementation Guidance—Tax Abatement Disclosures.