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Accounting Standards for Private Enterprises

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CPA Canada Handbook

CPA Canada Handbook – Accounting, Part II contains all the accounting standards for private enterprises, set by the Accounting Standards Board.

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News

February 5, 2025 Resource, Guidance
What You Need to Know about Effects of Climate-related Risks and Opportunities on ASPE Financial Statements: Awareness Document

The AcSB is exploring the potential impacts of climate change on businesses and financial reporting under Accounting Standards for Private Enterprises (ASPE).

In this third installment, we dive into climate-related factors and its potential impacts on financial instruments, including fair value measurement, as well as consolidation and control.

This ongoing series equips organizations with the insights needed to navigate climate-related matters—and financial reporting under ASPE.

December 16, 2024 Document for Comment
AcSB Exposure Draft – Accounting for Common Control Combinations

The AcSB wants your feedback on its proposed amendments to Section 3840, Related Party Transactions. These proposed narrow-scope amendments address accounting for a combination between enterprises or businesses under common control. Submit your comments by February 14, 2025. 

November 6, 2024 Resource, Webinar
On-demand – Webinar – Domestic Accounting Standards Update (Fall 2024)

Are you a Canadian private enterprise, not-for-profit organization, pension plan, an advisor to one, or a user of their financial statements? Watch this on-demand webinar to learn about current accounting standards projects and recent amendments in Parts II, III, and IV of the CPA Canada Handbook – Accounting, including topics such as the Detailed Review of ASPE, Goodwill and Intangibles, Financial Statement Concepts, and Climate-Related Risks and Opportunities.