Accounting Standards for Private Enterprises

Overview

Active Projects

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

Revenue

Amendments were approved by the AcSB in October 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.

News


October 10, 2019 Meeting Summary
AcSB Decision Summary – October 10, 2019

The Board discussed a number of topics, including IFRS® Standards, Combinations, and due process, among others.

October 3, 2019 News
AcSB Meeting Agenda – October 10, 2019

At its upcoming meeting the Board will consider matters regarding IFRS® Standards and due process, among others.

September 17-18, 2019 Meeting Summary
AcSB Decision Summary – September 17-18, 2019

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