Standards for Not-for-Profit Organizations

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WHAT'S NEW

Statement of Principles – Improvements to Not-for-Profit Standards
April 10, 2013. The AcSB and PSAB have issued a Statement of Principles that proposes to improve the existing standards for financial reporting by NFPOs in their respective Handbooks.  Stakeholders are encouraged to submit their comments, on the form provided, by September 15, 2013.

AcSB Staff Commentary – Making Judgment Professional
February 25, 2013. This commentary discusses the use of professional judgment in applying accounting standards in Parts II and III of the CICA Handbook – Accounting.

AcSB Staff Commentary – Reporting Employee Future Benefits by Not-for-Profit Organizations
January 24, 2013. The AcSB is proposing a new standard be developed for reporting employee future benefits by NFPOs. Read this staff commentary for details on the new standard and what to do until it is finalized.

Webcast – Accounting Standards for Private Enterprises (ASPE): 2012 Annual Improvements
January 10, 2013. Listen to this webcast for an update on the recent amendments to Part II of the Handbook. These amendments are effective for 2013 reporting, with earlier application permitted.