This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Section 1505 - Disclosure of accounting policies

Effective date:

January 1, 2011 except for subsequent amendments

Published by the AcSB:

December 2009


The purpose of this Section is to establish standards for the disclosure of accounting policies. Accounting policies are the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements.

History of Section 1505






December 2009


Part II of the CPA Canada Handbook  issued


Effective for fiscal years beginning on or after January 1, 2011.

July 2017


2017 Annual Improvements


Amendments to paragraph 1505.08. Effective for annual financial statements relating to fiscal years beginning on or after January 1, 2018. Earlier application is permitted.

Note: The above summary does not include details of consequential amendments made as the result of other projects.

Private Enterprise Advisory Committee Meeting Notes

  • February 2, 2017 - Discussed the responses received on the Exposure Draft, “2017 Annual Improvements to Accounting Standards for Private Enterprises” issued in September 2016.
  • October 6, 2015 - 2016 Annual Improvements: Disclosure of Accounting Policies – Location of Accounting Policies Note

Amendments under consideration

  • None

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.