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.
The responsibilities of the Committee, acting in its advisory capacity, are to:
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.
Not-for-Profit Organizations, NFPOs, Advisory Committee, Notes, April 8, 2019
At its recent meeting the Committee discussed the accounting for Combinations.
At its recent meeting, the Committee discussed a number of topics including Contributions, Combinations, and Revenue.
The Committee consists of:
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.