Continuous Change for Canada's Government Not-for-Profit Organizations

In April 2013, the Accounting Standards Board (AcSB) and the Public Sector Accounting Board (PSAB) issued a joint statement of principle on improvements to not-for-profit accounting standards for both the private and public sectors. It is not an exposure draft providing guidance on the improvements to be implemented, but rather sets out 15 broad principles. The boards are asking affected stakeholders to review the principles and respond by December 15, 2013 with their views.

For further details on the proposed changes to Canada's government not-for profit organizations accounting standards, please download this publication now. This is essential reading for all finance staff, board of directors, industry associations and financial users of these organizations.

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