Accounting Standards for Private Enterprises

Overview

Active Projects

Agriculture

The AcSB is deliberating feedback on its Exposure Draft

Employee Future Benefits – Use of a Funding Valuation — Stabilization Provision

The AcSB is developing an exposure draft that it expects to issue no later than the third quarter of 2019

Financial Statement Concepts

The AcSB approved the project in March 2019.

Related Party Transactions

Research underway on related party combinations

Revenue

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.

News


July 16, 2019 News
Press Release – Representatives of the Accounting Standards Board and the Organismo Italiano di Contabilità met in Rome

On July 15, 2019, the AcSB Chair and other staff members met with Italy’s national standard setter, the Organismo Italiano di Contabilità. Both standard-setting bodies provided updates on their activities and discussed a number of technical topics and projects, including their shared view of the importance of a common global adoption date for IFRS 17 Insurance Contracts.

June 18, 2019 Meeting Summary
AcSB Decision Summary – June 18, 2019

The Board discussed topics such as IFRS® Standards, Employee Future Benefits, Combinations, and Contributions, among others.

May 22, 2019 Meeting Summary
Private Enterprise Advisory Committee Notes – May 22, 2019

At its recent meeting, the Committee discussed a number of topics including employee future benefits, amendments to other frameworks, and much more.