Interested in Becoming a Member of the AcSB’s new Private Enterprises Advisory Committee?

Are you interested in:

• participating in the future development of the new accounting standards for private enterprises?
• discussing  issues related to these standards with other preparers, auditors and users?

In December 2009, the AcSB issued a separate set of accounting standards for private enterprises in Part II of the CICA Handbook – Accounting. The purpose of the AcSB’s new Private Enterprises Advisory Committee (PEAC) is to assist the AcSB in the future development of these standards. This will include identifying and recommending to the AcSB issues that should be addressed and changes that should be made to the standards. While private enterprises are permitted to report using IFRSs, PEAC will focus on the accounting standards for private enterprises. (The AcSB has established an IFRS Discussion Group (IDG) which will address IFRS-related issues.) 

The AcSB is seeking expressions of interest from individuals willing to volunteer to serve on PEAC. PEAC members will have a clear understanding of Canadian GAAP as it applies to private enterprises. Members will be expected to identify issues arising in their own experience, as well as discuss issues identified by others. Members are sought from a variety of backgrounds, including financial statement preparers, users and auditors involved with a range of private enterprises. Members should be willing to participate in five one-day meetings per year and to prepare for those meetings. Out-of-pocket expenses will be reimbursed. The working language of PEAC will be English.

Expressions of interest, together with a current resume, should be submitted to Florita Dinglasan, at florita.dinglasan@cica.ca, and received no later than February 16, 2010.