Accounting Standards for Private Enterprises

Related Party Transactions


The Accounting Standards Board (AcSB) consulted with stakeholders about its priorities for domestic standards as per its 2017-2018 Annual Plan. During its consultations, the AcSB conducted a stakeholder survey.

The results of the survey identified Section 3840, Related Party Transactions in Part II of the Handbook as a high priority. A number of stakeholders identified accounting for related party combinations as an area of concern.

The Board is therefore, engaging in a research project to better understand the different types of related party combinations undertaken by private enterprises and not-for-profit organizations.

The Board is also researching the accounting challenges with these transactions.

Staff Contact(s)

Mohamed Hassanali, CPA, CA

Principal, Accounting Standards Board

Project Status

  • Information gathering

    Research underway on related party combinations

  • Approving project
  • Consulting stakeholders
  • Deliberating feedback
  • Final pronouncement

Meeting & event summaries



This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.