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
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!
PSAB has issued its Government Not-for-Profit Consultation Paper, open for comment until September 30, 2019. The AcSB encourages our private sector NFPO stakeholders to review this paper and respond as it may be relevant to you.
Supporting IFRS® Standards implementation to advance Part II and Part III projects, and to enhance the relevance of financial information for all entities – we played a leadership role to help achieve our goals. Read about the AcSB’s 2018-2019 activities and accomplishments in this year’s Annual Report.
The AcSB approved a new project to clarify its intent regarding the use of the funding valuation in measuring the defined benefit obligation in relation to Quebec’s Stabilization Provision. The AcSB plans to issue an exposure draft no later than the third quarter of 2019 in response to stakeholder feedback about diversity arising in practice on accounting for changes in pension legislation.