Accounting Standards for NPOs – Background Information and Basis for Conclusions

This document summarizes considerations that were deemed significant by members of the Accounting Standards Board (AcSB) in reaching its conclusions in developing the new set of accounting standards for not-for-profit organizations. It sets out the reasons the AcSB undertook the project to develop the new framework, the consultation process, the key decisions made, and the principal reasons for adopting the positions taken and rejecting others.

Accounting Standards for NPOs – Background Information and Basis for Conclusions