Scaling the Standards

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Consultation has concluded

As part of the AcSB’s 2022-2027 Strategic Plan, we remain committed to exploring scaling the standards for non-listed entities to better meet stakeholders’ different reporting needs.

We understand that in some circumstances, Part I of the CPA Handbook – Accounting (IFRS® Accounting Standards) may be too complex or onerous to apply.

At the same time, Parts II (Accounting Standards for Private Enterprises) and III (Accounting Standards for Not-for-Profit Organizations) do not sufficiently meet users’ needs. We are also aware of smaller private enterprises and not-for-profit organizations (NFPOs) that consider Parts II and III too complex for the needs of their financial statement users.

As a result, the concept of “one size does not fit all” continues to be a focus when it comes to the reporting needs of Canadian entities. A scaled approach to financial reporting in Canada is needed.

Choose the survey tab below that applies to you and let us know what you think of our proposed scalability solutions. We look forward to reading your responses!

As part of the AcSB’s 2022-2027 Strategic Plan, we remain committed to exploring scaling the standards for non-listed entities to better meet stakeholders’ different reporting needs.

We understand that in some circumstances, Part I of the CPA Handbook – Accounting (IFRS® Accounting Standards) may be too complex or onerous to apply.

At the same time, Parts II (Accounting Standards for Private Enterprises) and III (Accounting Standards for Not-for-Profit Organizations) do not sufficiently meet users’ needs. We are also aware of smaller private enterprises and not-for-profit organizations (NFPOs) that consider Parts II and III too complex for the needs of their financial statement users.

As a result, the concept of “one size does not fit all” continues to be a focus when it comes to the reporting needs of Canadian entities. A scaled approach to financial reporting in Canada is needed.

Choose the survey tab below that applies to you and let us know what you think of our proposed scalability solutions. We look forward to reading your responses!

  • CLOSED: This survey has concluded.

    Scaling the Standards - Users - Survey

    Please complete this version of the survey if you are a user of private enterprise or NFPO financial statements. We want your input on the usefulness of information provided by entities when applying accounting standards. Answer our questions and help us determine which scalability solutions might result in more useful information.

    Consultation has concluded

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  • CLOSED: This survey has concluded.

    Scaling the Standards - Preparers and Practitioners - Survey

    Please complete this version of the survey if you are a financial statement preparer or practitioner. We want your input on which accounting standards are most difficult to apply. Answer our questions and tell us which scalability solutions might help alleviate any difficulties you may be facing.

    Consultation has concluded

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  • CLOSED: This survey has concluded.

    Scaling the Standards - Academics and Others - Survey

    Please complete this version of the survey if you are an academic or other type of stakeholder. Your input will help us identify the standards for which costs to apply currently outweigh the benefits. We want your thoughts on which scalability solutions might help alleviate any concerns you have observed.

    Consultation has concluded

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