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AcSB Decision Summary – February 11, 2015 - Definition of publicly accountable enterprises

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Feb 26, 2015

On February 26, 2015, the Accounting Standards Board released an executive summary of discussions and decisions with respect to the topics addressed at this meeting.

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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