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New global initiative to develop financial reporting guidance for not-for-profit organizations

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Apr 20, 2020

On April 20, 2020, the Accounting Standards Board (AcSB) announced that it is participating in a global initiative to develop non-authoritative financial reporting guidance for not-for-profit organizations (NFPOs) in jurisdictions that, unlike Canada, currently do not have NFPO accounting standards.

This staff’s involvement in this initiative is part of the AcSB’s strategy to contribute to global best practices in accounting standard setting.

Review the article on the AcSB's website.

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