Comments requested on Canadian Non-Profit accounting standards

November 08, 2013 | By: .(JavaScript must be enabled to view this email address) Mark Blumberg
Topics: News, Canadian Charity Law, Ethics and Canadian Charities

The Accounting Standards Board and Public Sector Accounting Board are asking for comments by December 15, 2013 on some changes to the principles affecting non-profit accounting. 

The document is entitled “Improvements to Not-for-Profit Standards (Applicable to Private and Public Sector Not-for-Profit Organizations that Use the Not-for-Profit Standards as their Primary Source of GAAP) and here is a link: http://www.frascanada.ca/standards-for-not-for-profit-organizations/documents-for-comment/item73780.pdf

Also here is an article by Bill Kennedy in which he expresses some concerns about some of the changes:
http://www.charityinfo.ca/articles/Proposed-accounting-principles-create-headaches

Here is a note from Imagine Canada:
http://www.imaginecanada.ca/files/www/en/publicpolicy/consultations/imagine_canada_sop_submission_10052013.pdf

Do you require legal advice with respect to Canadian or Ontario non-profits or charities?

Contact

Charity Lawyer Mark Blumberg

Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.

mark@blumbergs.ca
416.361.1982
Download vCard

Connect

Locate

Blumberg Segal LLP
Barristers & Solicitors
#1202 - 390 Bay Street
Toronto, Ontario
M5H 2Y2 Canada

Charity Law List

Join Blumbergs' non-profit and charities newsletter
View recent issue: July 2019