Accounting Standards for Private Enterprises


Active Projects


The AcSB is deliberating feedback on its Exposure Draft

Employee Future Benefits – Use of a Funding Valuation

Targeted outreach with actuaries from public accounting and actuarial firms took place from May to June 2019

Consultation with the AcSB’s Private Enterprise Advisory Committee took place from September 2018 to July 2019

Exposure Draft issued September 2019

Financial Statement Concepts

The AcSB approved the project in March 2019.

Related Party Transactions

Research underway on related party combinations


Exposure Draft issued in May 2019

CPA Canada Handbook

CPA Canada Handbook – Accounting, Part II contains all the accounting standards for private enterprises, set by the AcSB. Its available in print and online.


August 16, 2019 News
AcSB Meeting Agenda – September 17-18, 2019

At its upcoming meeting the Board will consider matters regarding IFRS® Standards, standards for private enterprises, not-for-profit organizations, and due process, among others.

August 16, 2019 News
Volunteer Opportunity – Accounting Standards Board

AcSOC is looking for new AcSB members! Are you a financial statement user? Do you prepare financial statements using accounting standards for not-for-profit organizations? Then we want to hear from you. Submit your résumé by September 13, 2019 to apply to become a member.

July 17, 2019 Meeting Summary
AcSB Decision Summary – July 17, 2019

The Board discussed topics such as IFRS® Standards, Agriculture, Combinations, and ASPE implementation questions, among others.