The AcSB recently issued its Consultation Paper, “Improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations,” and we want your feedback!
The Consultation Paper explores ways to enhance transparency and usefulness of information provided in financial statements about the relationships that not-for-profit organizations have with related and controlled entities.
We want your input on the proposed improvements to Section 4450, including:
- identifying and assessing relationships with related and controlled entities;
- enhancing definitions of control and significant influence; and
- strengthening disclosure requirements for users to better understand these relationships.
Why attend?
- Learn more about our proposals and how they may impact financial reporting by not-for-profit organizations.
- Take advantage of this opportunity to share your views directly with representatives of our team in an open forum discussion.
- Contribute to potential solutions the AcSB should develop into a standard-setting project.
How to prepare