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)

Grace Lang, CPA, CA, CPA (Illinois)

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
November 14, 2018 Not-for-Profit Advisory Committee Meeting Notes – November 14, 2018

At its recent meeting, the Committee discussed a number of topics including Contributions, Combinations, and Revenue.

September 10, 2018 Not-for-Profit Advisory Committee Meeting Notes – September 10, 2018

At its recent meeting, the Committee discussed a number of topics including Contributions, Combinations, Revenue, and Hedging.

July 5, 2018 Not-for-Profit Advisory Committee Meeting Notes – July 5, 2018

At its recent meeting, the Committee discussed a number of topics including: Contributions, Agriculture, Part II activities, Implementation Guidance, Draft Framework for Reporting Performance Measures, Member Survey Results, and Public Sector Accounting Board Update.

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

Betty Ferreira

FCPA, FCMA
ReStructure Consulting
Toronto, ON
Member(s)

Brian Szabo

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

Denise Arsenault

CPA, CA
Toronto Foundation
Toronto, ON
Member(s)

Deryck Williams

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

Diana Brouwer

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

Jocelyn Zurakowski

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

Lynne Hately

CPA, CGA
Nature Conservancy of Canada
Canmore, AB
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)

Pierre Piche

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

Roy Reeves

CPA, CMA
Shaw Festival Theatre
Niagara-on-the-Lake, ON
Member(s)

Sally An

CPA, CA
PricewaterhouseCoopers LLP
Concord, ON
Member(s)

Stephanie Chung

CPA, CA
Pennylegion Chung LLP
Toronto, ON
Member(s)