Research Improvements to Section 4450 Reporting Controlled and Related Entities by Not-for-Profit Organizations [Research]

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The AcSB is conducting research into how to improve the transparency of financial statements for users reviewing the relationship entities have with related and controlled entities

Last updated:

December 2023

Overview

The Accounting Standards Board (AcSB) is undertaking research to consider improvements to Section 4450, Reporting Controlled and Related Entities by Not-for-Profit Organizations.  

The Board’s research activities will explore how to improve transparency on financial statements for users reviewing the relationship entities have with related and controlled entities. Research activities will not include changes to the choice between consolidating and disclosing controlled entities for not-for-profit organizations, as described in Reporting Controlled and Related Entities by Not-for-Profit Organizations, paragraph 4450.14. 

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