The Accounting Standards Board (AcSB) established the Private Enterprise Advisory Committee in 2010 to assist the AcSB in maintaining and improving accounting standards for private enterprises.
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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 the accounting standards for private enterprises and of their application in practice.
The Committee normally meets 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.
At its recent meeting, the Committee discussed a number of topics including employee future benefits, amendments to other frameworks, and much more.
At its recent meeting, the Committee discussed a number of topics including Revenue, Related Party Transactions, narrow scope amendments, and the relevance of financial statements.
At its recent meeting, the Committee discussed a number of topics including Revenue, Financial Instruments – Hedging, Financial Statement Concepts, Agriculture, Related Party Transactions, Removal of Part V and the proposed compilations standard.