Accounting Standards for Private Sector Not-for-Profit Organizations

Overview

Active Projects

2026-2027 Package of Minor Amendments

The AcSB approved a project to develop an exposure draft in March 2026.

AcSB Strategic Plan

The AcSB is conducting public outreach from June to September 2026

Consultation Paper

Contributions – Revenue Recognition and Related Matters

The AcSB is gathering input to help develop a new exposure draft

Financial Statement Concepts

The AcSB approved a project to develop an exposure draft in June 2024

Guidance Framework

The AcSB is considering issues submitted and will decide whether further non-authoritative or authoritative guidance is needed for those issues that meet its Guidance Framework criteria

Improvements to Section 4450 Reporting Controlled and Related Entities by Not-for-Profit Organizations

The AcSB is conducting outreach on its Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations,” from September 2026 to February 2027.

Consultation Paper

Submit an Issue

Did you know you can submit an issue to us for possible discussion at an upcoming meeting?

We want to hear from you!

CPA Canada Handbook

CPA Canada Handbook – Accounting, Part III contains all the accounting standards for not-for-profit organizations, set by the Accounting Standards Board.

Get the Handbook

Follow Part II news

Some NFPOs may need to apply standards found in CPA Canada Handbook – Accounting, Part II. Don't forget to keep up with accounting standards for private enterprises!

Keep up to date with Part II

News

August 31, 2026 Document for Comment

AcSB Consultation Paper – Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations

The AcSB is seeking feedback on its Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations,” including our proposals to: identify and assess relationships with related and controlled entities; enhance definitions of control and significant influence; and strengthen disclosure requirements for users to better understand these relationships. Read more and submit your comments by February 26, 2027.

August 31, 2026 Resource, In Brief

In Brief – AcSB’s Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations”

The AcSB wants your views on our proposed improvements to Section 4450, including a new control model to evaluate relationships between NFPOs, changes to the definition of “significant influence,” clarification of relationships with profit-oriented enterprises, and an enhanced disclosure framework. Read our In Brief for an overview of key proposals and more on how you can respond.

July 16, 2026 Resource, Article

What We Heard at the AcSB Panel Discussions on IFRS 18 and the Future of Financial Reporting

What challenges and opportunities lie ahead for financial reporting? In two panel discussions hosted by the AcSB on June 3, 2026, standard setters, regulators, preparers, and users shared perspectives on implementing IFRS 18 Presentation and Disclosure in Financial Statements and the evolving future of corporate reporting. Key themes included improving comparability, the role of management-defined performance measures, technology's impact on reporting, and the importance of balancing innovation with stability. Read our article for key takeaways and access the on-demand recordings and transcripts for full details on the sessions.