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 Revenue, Financial Instruments – Hedging, Pensions Combinations, Related Party Transactions, Removal of Part V and the Framework for Financial Reporting.
At its recent meeting, the Committee discussed a number of topics including Retractable or Mandatorily Redeemable Shares, Financial Instruments – Narrow Scope Amendments, Revenue, Combination and Other Narrow Scope Amendments.
At its recent meeting, the Committee discussed a number of topics including amendments to other frameworks, Agriculture, Retractable or Mandatorily Redeemable Shares, and Financial Instruments – Narrow Scope Amendments.