| 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. |
Status: Project discontinued.
The AcSB is monitoring Phase 2 of the Financial Accounting Standards
Board’s (FASB’s) Liabilities and Equity Project. The International Accounting Standards Board (IASB) expects to issue a document for comment on this topic shortly after the FASB. However,
the project is not expected to be complete until after the changeover to International Financial Reporting
Standards for publicly accountable enterprises. The AcSB will continue to monitor this project as part of its
publicly accountable enterprises strategy, but no longer expects to develop equivalent requirements under
Canadian GAAP.
Contact Information
Alex Milburn, FCA
Accounting Standards
Telephone: +1 (416) 204-3272
Fax: +1 (416) 204-3412
Canadian Accounting Standards Board
277 Wellington Street West
Toronto ON M5V 3H2 Canada
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