Standards for Not-for-Profit Organizations - PSAB

Date recorded:

At its meeting on June 18-19, 2015, the Public Sector Accounting Board approved, in principle, an exposure draft proposing withdrawal of Section PS 4260, Disclosure of Related Party Transactions by Not-for-Profit Organizations and amendments to the transitional provisions in Section PS 2200, Related Party Disclosures for not-for-profit organizations applying the PSA Handbook including the PS 4200 series.

The Board also discussed a project plan to improve standards for not-for-profit organizations.

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