Continued consultation with the Not-for-Profit Advisory Committee and key stakeholders
Public outreach has occurred since June 2013 and is continuing
Consultation with the AcSB’s Not-for-Profit Advisory Committee began in January 2016 and is continuing
The AcSB is developing a Consultation Paper that is expected to be issued in March 2020
The AcSB approved the project in March 2019.
CPA Canada Handbook – Accounting, Part III contains all the accounting standards for not-for-profit organizations, set by the AcSB. Its available in print and online.
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!
At its upcoming meeting the Board will consider matters regarding IFRS® Standards and due process, among others.
The Board discussed topics such as IFRS® Standards, Insurance, Revenue, Combinations, Contributions, and ASPE implementation questions, among others.
At its recent meeting, the Committee discussed a number of topics including Revenue, Related Party Transactions, the relevance of financial reporting, and much more.