Withdrawal of Part V from the CPA Canada Handbook – Accounting

Pre-changeover accounting standards

As of March 1, 2020, Part V, also known as pre-changeover accounting standards, will be removed from the CPA Canada Handbook – Accounting. After a thorough review, the AcSB has decided to remove this non-authoritative guidance, as it was replaced by the current accounting standards in Parts I to IV of the Handbook in 2011.

What does this mean for stakeholders?

There is no impact to stakeholders, and preparers should continue to apply the parts of the Handbook that are relevant to them:

• Part I – IFRS^® Standards
• Part II – Accounting Standards for Private Enterprises
• Part III – Accounting Standards for Not-for-Profit Organizations
• Part IV – Accounting Standards for Pension Plans

Materials can still be accessible to stakeholders from CPA Canada’s Library Services.

Need more information?

Contact:
Grace Flis, CPA, CA
Principal, Accounting Standards Board
Phone: +1 (416) 204-3478
Email: [email protected]