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AcSB

Accounting Standards Board

About the AcSB

The Accounting Standards Board (AcSB) is an independent body with the authority to establish accounting standards for use by all Canadian entities outside the public sector. We serve the public interest by establishing standards for financial reporting by all Canadian private sector entities and by contributing to the development of internationally accepted financial reporting standards. 

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AcSB Consultation Paper – Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations

The AcSB is seeking feedback on its Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations,” including our proposals to: identify and assess relationships with related and controlled entities; enhance definitions of control and significant influence; and strengthen disclosure requirements for users to better understand these relationships. Read more and submit your comments by February 26, 2027.

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Virtual Roundtable Discussions – AcSB Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations”

Join us for a virtual roundtable discussion on the AcSB’s Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations.” Our French roundtable is October 28, 2026, and our English roundtable is October 29, 2026. Don’t miss your chance to share your feedback with our team. Register now to save your spot!

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Section 3041, Agriculture – Productive Biological Assets Managed on a Collective Basis – What You Need to Know

Do you have questions about how to determine when there is a change in the carrying amount of productive biological assets managed on a collective basis? Read our non-authoritative resource, which is intended to support the application of Section 3041.

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Upcoming meetings & events

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October 29, 2026 Virtual Roundtable Discussions – AcSB Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations” 29/10/26 (English Roundtable) 1:00 - 2:00 p.m. ET 28/10/26 (French Roundtable) 1:00 - 2:00 p.m. ET

Join us for a virtual roundtable discussion on the AcSB’s Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations.” Our French roundtable is October 28, 2026, and our English roundtable is October 29, 2026. Don’t miss your chance to share your feedback with our team. Register now to save your spot!

Meeting & event summaries

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July 15, 2026 AcSB Decision Summary – July 15, 2026

The AcSB discussed Detailed Review of Accounting Standards for Public Enterprises, Guidance Framework, Package of Minor Amendments, and Derecognition of Financial Liabilities. Read the decision summary for full details.

June 10, 2026 AcSB Decision Summary – June 10, 2026

The AcSB discussed relief from recognition of intangible assets and amortization of goodwill, reporting controlled and related entities by not-for-profit organizations, and more. Read the decision summary for full details.

May 20, 2026 AcSB Decision Summary – May 20, 2026

The AcSB discussed Financial Statement Concepts, Reporting Controlled and Related Entities, Contributions, and more. Read the decision summary for full details.

News

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October 29, 2026 Meeting, News
Virtual Roundtable Discussions – AcSB Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations”

Join us for a virtual roundtable discussion on the AcSB’s Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations.” Our French roundtable is October 28, 2026, and our English roundtable is October 29, 2026. Don’t miss your chance to share your feedback with our team. Register now to save your spot!

August 31, 2026 Document for Comment
AcSB Consultation Paper – Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations

The AcSB is seeking feedback on its Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations,” including our proposals to: identify and assess relationships with related and controlled entities; enhance definitions of control and significant influence; and strengthen disclosure requirements for users to better understand these relationships. Read more and submit your comments by February 26, 2027.

August 31, 2026 Resource, In Brief
In Brief – AcSB’s Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations”

The AcSB wants your views on our proposed improvements to Section 4450, including a new control model to evaluate relationships between NFPOs, changes to the definition of “significant influence,” clarification of relationships with profit-oriented enterprises, and an enhanced disclosure framework. Read our In Brief for an overview of key proposals and more on how you can respond.