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.

Accounting Standards Improvements for NFPOs - NFP Advisory Committee

Date recorded:

At its meeting on November 17, 2016, the Committee members discussed the changes the AcSB made to the exposure draft as a result of the fatal flaw review process. Committee members discussed whether an effective date of January 1, 2019 or April 1, 2019 for the exposure draft proposals would be most appropriate. AcSB staff noted that a question relating to this will be included in the exposure draft. Committee members noted that since year ends for NFPOs vary across the sector, it is difficult to determine the best effective date for all NFPOs. Some Committee members also observed that regardless of the effective date, earlier application of the proposals is an option.

Review the summary of discussions on the AcSB's Web site.

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.