AcSB

Not-for-Profit Advisory Committee

About the Advisory Committee

The Accounting Standards Board (AcSB) established the Not-for-Profit Advisory Committee in 2015 to act in an advisory capacity to the AcSB and assist the AcSB in maintaining and improving accounting standards for not-for-profit organizations (NFPOs) in the private sector.

Staff Contact(s)

Katherine Knowlton, CPA, CA

Principal, Accounting Standards Board

Responsibilities

The responsibilities of the Committee, acting in its advisory capacity, are to:

  • identify and recommend to the AcSB:
    • topics that should be added to accounting standards for NFPOs; and
    • existing content of the standards that should be changed or removed, consistent with meeting the needs of NFPOs and the users of their financial statements;
  • develop proposed changes to the standards for approval by the AcSB, after the AcSB agrees to add to or change the standards; and
  • provide the AcSB with advice on managing accounting standards for NFPOs (for example, research of NFPO issues, the timing of changes to standards and the process of communications with stakeholders).

Meetings

The Committee normally meets three to four times a year. A summary of discussions of each Committee meeting will be made available shortly after each meeting.

For upcoming meetings, visit the AcSB calendar.

 

Meeting & event summaries

See all meetings & events summaries
July 30, 2019 Not-for-Profit Advisory Committee Meeting Notes – July 30, 2019

At its recent meeting, the Committee discussed accounting for contributions and combinations, as well as research on the NFP sector, amendments to other frameworks, and the Public Sector Accounting Board’s (PSAB’s) Government NFP Strategy Consultation paper.

April 8, 2019 Not-for-Profit Advisory Committee Notes – April 8, 2019

Not-for-Profit Organizations, NFPOs, Advisory Committee, Notes, April 8, 2019

February 12, 2019 Not-for-Profit Advisory Committee Notes – February 12, 2019

At its recent meeting the Committee discussed the accounting for Combinations.

Members

The Committee consists of:

  • a Chair, who is a member of the AcSB; and
  • other members with a range of backgrounds and experience, including preparers from public benefit organizations (i.e. charities) and member benefit organizations, users that provide resources to NFPOs, and accounting practitioners involved with not-for-profit organization financial statements.

Members are generally appointed for a three-year term and are eligible for reappointment. Members are expected to have an in-depth knowledge of accounting standards for NFPOs and of their application in practice.

Paul Hargreaves

CPA, CMA
BC Dairy Association
Burnaby, BC
Chair

Bill Kennedy

Energized Accounting
Toronto, ON
Member(s)

Brian Szabo

CPA, CA
BDO Canada LLP
Vancouver, BC
Member(s)

David Jaques

CPA, CMA
St. John Ambulance N.S./P.E.I.
Dartmouth, NS
Member(s)

Deryck Williams

FCPA, FCA
Grant Thornton LLP
Mississauga, ON
Member(s)

Diana Brouwer

CPA, CA
Ernst & Young LLP
Toronto, ON
Member(s)

Diane Del Monte

CPA, CA
KPMG LLP
Vaughan, ON
Member(s)

Jocelyn Zurakowski

CPA, CA
Royal University Hospital Foundation
Saskatoon, SK
Member(s)

Mary Best

FCPA, FCA, CFE
Arsenault Best Cameron Ellis
Charlottetown, PE
Member(s)

Michel Rioux

CPA auditeur, CA
Deloitte s.e.n.c.r.l.
Montréal, QC
Member(s)

Pat Bradley

Ontario Arts Council
Toronto, ON
Member(s)

Patrick Manley

CPA, CA
Heart and Stroke Foundation of Canada
Toronto, ON
Member(s)

Pierre Piche

CPA, CA
University of Toronto
Toronto, ON
Member(s)

Salima Lakhani

CPA, CGA
Aga Khan Foundation Canada
Ottawa, ON
Member(s)

Steven Baal

CPA, CGA
Canadian Bible Society
Toronto, ON
Member(s)

Travis Bryson

MNP LLP
Nanaimo, BC
Member(s)