NFPAC

Combinations – Initial Measurement and Related Disclosures

Summary

The AcSB has heard from stakeholders and its Not-for-Profit Advisory Committee of a significant increase in the number of combinations that have occurred in the sector in recent years. Currently, no guidance exists in Part III of the Handbook for NFPO combinations. This lack of guidance has led to diversity in practice including the use of different frameworks to account for transactions with similar characteristics. As a result, the Board proposes to introduce a new standard to account for the combination of two or more NFPOs.

Staff Contact(s)

Kelly Khalilieh, CPA, CA

Director, Accounting Standards Board

How to reply

Respond to AcSB Exposure Draft – Combinations – Initial Measurement and Related Disclosures by April 14, 2020 submitting a comment letter (in a Word file).