Accounting Standards for Private Enterprises

Overview

Active Projects

2026-2027 Package of Minor Amendments

The AcSB approved a project to develop an exposure draft in March 2026.

AcSB Strategic Plan

The AcSB is deliberating the feedback on the Consultation Paper

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Derecognition of Financial Liabilities

The AcSB is developing narrow-scope proposals to address concerns related to the derecognition of financial liabilities

Detailed Review of Accounting Standards for Private Enterprises

The AcSB is deliberating the feedback received on its “Consultation Paper – Detailed Review of Accounting Standards for Private Enterprises”

Financial Statement Concepts

The AcSB approved a project to develop an exposure draft in June 2024

Guidance Framework

The AcSB is considering issues submitted and will decide whether further non-authoritative or authoritative guidance is needed for those issues that meet its Guidance Framework criteria

Subsequent Measurement of Goodwill and Acquired Intangible Assets

The AcSB is deliberating feedback on the Exposure Draft

Submit an Issue

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CPA Canada Handbook

CPA Canada Handbook – Accounting, Part II contains all the accounting standards for private enterprises, set by the Accounting Standards Board.

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News

August 20, 2026 Resource, Guidance

Section 3041, Agriculture – Productive Biological Assets Managed on a Collective Basis – What You Need to Know

Do you have questions about how to determine when there is a change in the carrying amount of productive biological assets managed on a collective basis? Read our non-authoritative resource, which is intended to support the application of Section 3041.

July 16, 2026 Resource, Article

What We Heard at the AcSB Panel Discussions on IFRS 18 and the Future of Financial Reporting

What challenges and opportunities lie ahead for financial reporting? In two panel discussions hosted by the AcSB on June 3, 2026, standard setters, regulators, preparers, and users shared perspectives on implementing IFRS 18 Presentation and Disclosure in Financial Statements and the evolving future of corporate reporting. Key themes included improving comparability, the role of management-defined performance measures, technology's impact on reporting, and the importance of balancing innovation with stability. Read our article for key takeaways and access the on-demand recordings and transcripts for full details on the sessions.

May 26, 2026 Resource, Webinar, Video

On-demand Webinar – Domestic Accounting Standards Update (Spring 2026)

Are you a Canadian private enterprise, not-for-profit organization, pension plan, an advisor to one, or a user of their financial statements? Watch this recording to learn about current accounting standards projects and recent amendments in Parts II, III, and IV of the CPA Canada Handbook – Accounting.