| This summary of Accounting Standards Board (AcSB) projects has been prepared for
information purposes only. Decisions reported are tentative and reflect only the current status of
discussions on this project, which may change after further deliberations by the AcSB. Decisions to publish
Handbook material are final only after a formal ballot process. |
In January 2003, the AcSB approved a project proposal to amend and improve certain parts of the Handbook
that are no longer relevant, are incomplete, or contain unjustified inconsistencies with US and International
Accounting Standards Board (IASB) GAAP, or where there may be questions of style, lack of specificity, or
effectiveness that warrant consideration. Sections identified to be considered for improvement are
summarized in the attached document [updated October 2006].
Links to information about projects on which work has been undertaken are provided below.
Accounting
Changes
Earnings per
Share
Going Concern
Non-Monetary
Transactions
Subsequent
Events
The January/February 2004 issue of CAmagazine contains an article on this
project, "Improved
Standards."
Due Process
This project is being undertaken in several stages and will not address issues that are more appropriately
dealt with in other major projects.
The
AcSB staff requested
comments (PDF) by May 31, 2003 on additional improvements that might be made to the Handbook Sections listed in
the attached
document.
Proposals will be issued for 60-day comment periods. The project is expected to be completed in
2008.
Staff support: Ian
Hague, CA
Phone no.: +1 (416) 204-3270
|
