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 deliberating the feedback on the Consultation Paper

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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

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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.

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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!

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News

November 24-26, 2026 Resource, Webinar, Video

Webinar – Domestic Accounting Standards Update (Fall 2026)

Are you a Canadian private enterprise, not-for-profit organization, pension plan, an advisor to one, or a user of their financial statements? Join this webinar to learn about current accounting standards projects and recent amendments in Parts II, III, and IV of the CPA Canada Handbook – Accounting. Register for the French webinar on November 24, 2026, or the English webinar on November 26, 2026.

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.