Accounting Standards Improvements for NFPOs - AcSB

Date recorded:

At its meeting on December 15, 2016, the AcSB discussed the comment period deadline for the upcoming exposure draft and decided to provide a longer comment period of 120 days. The AcSB plans to issue the exposure draft in early February 2017 with a May 31, 2017 comment deadline.

The AcSB also discussed the extent and type of consultations needed to obtain input on the exposure draft proposals. The AcSB emphasized the importance of receiving feedback from the not-for-profit sector and directed the staff to offer stakeholders different ways to provide input on the proposals.

Review the Executive Summary on the AcSB's Web site.

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