|
Accounting
Standards Board
Decision Summary
May 26, 2008
This
summary of Accounting Standards Board (AcSB) decisions has been prepared for information purposes only.
Decisions reported are tentative and reflect only the current status of discussion on projects, which may
change after further deliberations by the AcSB. Decisions to publish Handbook material are final only after a
formal ballot process.
For more detailed information on AcSB projects, including the decisions summarized below, please refer to the
project summaries under Projects,
which will be updated within the month following an AcSB meeting. |
Not-for-Profit Organizations
The AcSB has approved, subject to written ballot, amendments to several of the standards dealing with
not-for-profit organizations in the 4400 series of Handbook Sections. The AcSB decided not to proceed with
proposed amendments to Section 4450, Reporting Controlled and Related Entities by
Not-for-Profit Organizations, pending the outcome of its deliberations on the future basis for setting
standards for the not-for-profit sector. All of the other amendments proposed in the August 2007 Exposure
Draft, “Not-for-Profit Organizations,” were approved with no significant changes.
|
