The Accounting Standards Board (AcSB) established the Private Enterprise Advisory Committee in 2010 to assist the AcSB in maintaining and improving accounting standards for private enterprises.
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The Committee consists of:
Members are generally appointed for a three-year term and are eligible for reappointment. Members are expected to have an in-depth knowledge of the accounting standards for private enterprises and of their application in practice.
The Committee normally meets four to six times a year. Meetings are not open to the public. A summary of discussions of each Committee meeting will be made available shortly after each meeting.
The Committee met on November 8, 2023, and discussed Subsequent Measurement of Goodwill and Recognition of Acquired Intangible Assets, Scaling the Standards, potential projects for the AcSB’s 2024-2025 Annual Plan, and more. Read the meeting notes for full details!
The Committee held a meeting on July 26, 2023, and discussed Insurance Contracts with Cash Surrender Value, Upfront Non-refundable Fees or Payments, Scaling the Standards, and more. Read the meeting notes for full details!
The Committee held a meeting on May 3, 2023, and discussed Revenue Application Issues, Upfront Non-refundable Fees or Payments, Related Party Combinations, and International Tax Reform. Read the meeting notes for full details!