At its meeting on February 23, 2022, the AcSB received an update on the Related Party Combinations project and discussed a preliminary staff proposal to address stakeholder concerns with the current accounting for related party business combinations under Section 3840, Related Party Transactions. The Board also discussed the feedback received from the Private Enterprise Advisory Committee on the proposal. The AcSB directed staff to conduct further research to better understand the interactions of the staff proposals with the existing requirements. The Board will discuss the research results at its March 2022 meeting.

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

At its meeting on February 23, 2022, the AcSB reviewed a revised draft of the proposed Accounting Guideline and other information in the exposure draft. The Board gave permission to begin the balloting process and plans to publish the exposure draft before the end of March 2022, with a 90-day comment period.

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

At its meeting on February 23, 2022, the AcSB approved a communications and outreach plan for the upcoming Pension Plans exposure draft. The Board intends to engage in targeted consultation activities with industry and regulatory groups and hold general roundtable discussions for all pension stakeholders. The AcSB also discussed other topics its Pension Plan Working Group raised, which are broader in scope than those addressed in the upcoming exposure draft. These included valuation of defined benefit obligations, presentation of investment management fees and investment disclosures. The Board will discuss how to prioritize these topics in the context of its other domestic standard-setting agenda at its March 2022 meeting.

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