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Definition of publicly accountable enterprises - AcSB

Date recorded:

At this meeting, the AcSB discussed a written request from the Canadian Securities Administrators for clarification of how the definition of publicly accountable enterprises in the Preface to the Handbook relates to issuers that prepare financial statements in conjunction with a securities offering under a prospectus exemption. No decisions were made.

The AcSB considered various options with regard to accounting for a subsidiary using the cost and equity methods, and accounting for changes in ownership interests. The discussion included consideration of recommendations from its Private Enterprise Advisory Committee.

Download the executive summary of discussions.

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