Skip to main content

Accounting Standards for Private Sector Not-for-Profit Organizations

Evaluating the Preface

Summary

As part of the AcSB’s 2022-2027 Strategic Plan, the AcSB committed to evaluating the CPA Canada Handbook – Accounting’s Preface to assess whether the applicability of each framework to each reporting entity category meets current needs.

The AcSB will work to identify the types of entities that are directed by the Preface to apply an accounting framework and explore if their financial reporting needs are adequately met. If not, the Board will also explore alternative options and consider if changes to the Preface are needed.

Note: Follow the AcSB’s project, Scaling the Standards, which is linked to Evaluating the Preface. Both projects are focused on ensuring the diverse landscape of Canadian entities – both reporting and non-reporting – as well as financial statement users are best served by the Preface and current standard-setting frameworks.

Staff Contact(s)

Jamie Goodman, CPA, CA Principal, Accounting Standards Board

Phone number  +1 416 204 3294
Email address  [email protected]
Matthew Bishop, CPA, CA Principal, Accounting Standards Board

Phone number  +1 647 264 7070
Email address  [email protected]

Project Status

  • Information gathering

    AcSB is researching issues with the current Preface of the CPA Canada Handbook – Accounting to identify potential solutions

  • Approving project
  • Consulting stakeholders
  • Deliberating feedback
  • Final pronouncement

Webinar – Domestic Accounting Standards Update (Spring 2024)

Register for this webinar to learn about current accounting standards projects and recent amendments in Parts II, III and IV of the CPA Canada Handbook – Accounting. Join us for the English webinar on May 15, 2024, or the French webinar on May 16, 2024.

English
French
Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.