Financial Reporting Standards for Private Companies

Canada's Accounting Standards Board (AcSB) released a new set of accounting standards for private business.

KPMG Enterprise^TM actively participated in the process and monitored the developments, providing regular updates on this important topic, which are available below.

We invite you to contact your KPMG Enterprise adviser if you have questions or wish to discuss how these evolving accounting standards might affect your business.

Issues in Private Company Reporting One in four of Canada's leading private companies plans to adopt IFRS. This Executive Research Report collaboratively prepared by the Canadian Financial Executives Research Foundation and KPMG EnterpriseTM examines private company financial reporting Private Company GAAP in Canada: Understanding the Proposed Framework and Issues in Private Company Reporting View the Executive Panel discussion at the Financial Executives International Toronto Chapter Seminar.

To download: Right-click the link and select "Save Target As..." (PC) or control-click and select "Download Link to Disk" (Mac). Adobe Reader is required to read PDF documents.

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