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

September 16, 2019 AcSB Exposure Draft – Employee Future Benefits – Use of a Funding Valuation

The AcSB seeks feedback on its proposals to modify the guidance on using an actuarial valuation for funding purposes in the measurement of the defined benefit obligation. These proposals apply to private enterprises and not-for-profit organizations applying the standards in Parts II and III of the CPA Canada Handbook – Accounting. Stakeholders are encouraged to submit their comments by December 16, 2019.

September 12, 2019 New IPSASB Exposure Draft – Public Sector Financial Instruments, Amendments to IPSAS 41, Financial Instruments

IPSASB released an Exposure Draft providing guidance on how to account for financial instruments unique to the public sector. Canadian stakeholders can send comments to IPSASB until December 31, 2019. Read the Exposure Draft for full details.

September 5-11, 2019 Virtual Roundtable Discussions – Stakeholders’ Views Sought on the Proposed Amendments to the New Insurance Standard

The AcSB is holding virtual roundtable discussions to seek input on the IASB’s Exposure Draft, “Amendments to IFRS 17.” Complete the registration form to attend one of the virtual roundtables and share your views!

March 9-10, 2020 Meeting
AASB Meeting - March 9-10, 2020

January 22-23, 2020 Meeting
AASB Meeting - January 23-24, 2020


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.