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AcSB Exposure Draft – Accounting Standards Improvements for Not-for-Profit Organizations

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Feb 01, 2017

On February 1, 2017, the Accounting Standards Board (AcSB) issued an Exposure Draft proposing to revise and replace Section 4431, Tangible Capital Assets held by Not-for-Profit Organizations, Section 4432, Intangible Assets held by Not-for-Profit Organizations, and Section 4440, Collections held by Not-for-Profit Organizations. Stakeholders are encouraged to submit their comments by May 31, 2017.

The AcSB proposes that new Sections 4433, 4434 and 4441 be based on existing Sections 4431, 4432 and 4440 with proposed revisions resulting from its accounting standards improvements program.

Review the Exposure Draft on the AcSB's website.

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