Accounting Standards for Private Enterprises (ASPE) Update 2019

September 02, 2019

It was a busy year for the Accounting Standards Board (AcSB or the Board) and for Part II of the CPA Canada Handbook—Accounting: Accounting Standards for Private Enterprises (ASPE). The Board was hard at work advancing the progress of various projects, including its projects on agriculture and revenue. In addition, the Board approved two new projects, one on employee future benefits and another on financial statement concepts. While no new standards became effective in 2019, several significant amendments related to financial instruments will become effective in 2020. This publication will discuss these changes, as well as, other projects the AcSB is currently working on. 

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