As of March 1, 2020, Part V, also known as pre-changeover accounting standards, was withdrawn from the CPA Canada Handbook – Accounting.
Part of the non-authoritative guidance that was removed from Part V was Section 4250, Future Oriented Financial Information.
The Accounting Standards Board (AcSB) understands the continued relevance of Section 4250 to private enterprise financial statement preparers and practitioners.
In addition, two Auditing and Assurance Standard Board’s (AASB) Assurance and Related Services Guidelines refer to Section 4250:
- AuG-6, Examination of a Financial Forecast or Projection Included in a Prospectus or Other Public Offering Document; and
- AuG-16, Compilation of a Financial Forecast or Projection.
As a result, on March 1, 2020 the AcSB retained the guidance in Section 4250 in a separate non-authoritative section of the Handbook. The AASB will also include a notice in AuG-6 and AuG-16 in June 2020 to inform Handbook users that Section 4250 was moved.
Key Contact
Grace Flis
Principal, Accounting Standards Board
Phone: +1 (416) 204-3478
Email: [email protected]
Jacqui Kuypers, CPA, CA, MBA
Principal, Auditing and Assurance Standards Board
Phone: +1 (416) 204-3445
Email: [email protected]