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FYI Article – The Evolution of Accounting Standards for Private Sector Not-for-Profit Organizations Continues

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Aug 06, 2015

On August 6, 2015, the Accounting Standards Board (AcSB) released an article that discusses the AcSB’s recent decisions relating to these standards, including the next steps.

At its May 25-26 meeting, the AcSB approved the creation of a standing not-for-profit advisory committee to assist the Board with its standards improvements initiatives, as well as provide input on other standard-setting matters of interest to private sector not-for-profit organizations.

The new Committee’s membership will be established in the coming weeks. It will meet in the fall of 2015 to commence its work beginning with the Accounting Standards Improvements – Phase 1 project.  The AcSB plans to issue an Exposure Draft for the Phase 1 project in 2016.

Review the article on the AcSB's Web Site.

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