Consultation on Priorities for Part II of the Handbook

  • ASPE_AcSB Image

Apr 20, 2017

On April 20, 2017, the Accounting Standards Board (AcSB) discussed an analysis of stakeholder feedback through prior outreach activities relating to Section 3840, Related Party Transactions.

The AcSB decided that the following themes merit further consultation with stakeholders:

  • accounting for business combinations under common control; and
  • determining how to measure transactions involving items that are not financial in nature.

The AcSB decided that further targeted outreach should be conducted to identify whether there are additional stakeholder concerns that should be considered before determining the scope of any future projects on this topic. The AcSB also directed the staff to consider similarities in the characteristics of combinations of private enterprises and not-for-profit organizations.

The AcSB discussed the complexities with the measurement of related party financial instruments and agreed to further deliberate this issue at its next meeting in the context of its Section 3856, Financial Instruments project.

Review the Executive Summary 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.