This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Improvements to Not-for-Profit Standards - AcSB

Date recorded:

The AcSB held a discussion with the Public Sector Accounting Board to consider a number of fundamental issues needing to be addressed prior to initializing specific project related work.  The Boards discussed:

  • the various types of not-for-profit organizations and their diversity within the not-for-profit sector;
  • whether financial statements within the not-for-profit sector need to be comparable regardless of whether the organization operates in the private or public sector;
  • the different priorities facing each Board; and
  • whether they should address the issues raised by respondents together.

The Boards are committed to continue to provide ongoing communications to inform stakeholders of developments.  The AcSB plans to agree on the next steps it will undertake in respect of the standards for not-for-profits in the private sector at its meeting in May 2015.

Read the executive summary.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.