At its meeting on November 1, 2023, the Not-for-Profit Advisory Committee (NFPAC) received an overview of the feedback on its Consultation Paper I, “Exploring Scalability in Canada,” which closed for comment on July 31, 2023. Committee members discussed specific scaling solutions from a not-for-profit perspective, including the proposals to simplify/implement tiering in Part II and Part III of the CPA Canada Handbook ̶ Accounting and the need for a new framework for smaller entities in the not-for-profit landscape. The Committee discussed the feedback from the Consultation Paper that indicated that the existing Part II and Part III of the Handbook are too complex, with Committee members providing mixed views on this feedback. The Committee also discussed the broad range of organizations in the sector that are subject to audit requirements, including very small NFPOs.

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