Accounting Standards for Private Enterprises

Overview

Active Projects

Employee Future Benefits – Use of a Funding Valuation

The AcSB is deliberating feedback on its Exposure Draft

Financial Statement Concepts

The AcSB approved the project in March 2019.

Related Party Transactions

Research underway on related party combinations

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.

News


February 20, 2020 News
Volunteer Opportunity – Private Enterprise Advisory Committee

Do you have an in-depth knowledge of accounting standards for private enterprises and their application? Would you like to help improve Canadian accounting standards for private enterprises? If so, the Accounting Standards Board needs you on its Private Enterprise Advisory Committee! Apply by April 10, 2020. 

February 18, 2020 Meeting Summary
AcSB Decision Summary – February 18, 2020

The Board discussed topics such as contributions, ASPE implementation, and its next strategic plan, among others.

January 21, 2020 News
Withdrawal of Part V from the CPA Canada Handbook – Accounting

As of March 1, 2020, Part V, also known as pre-changeover accounting standards, will be removed from the Handbook. Read more for additional information, and to find out what this means for stakeholders and preparers.