Canadian Accounting Standards Board (AcSB) Decision Summaries

The AcSB monitors the activities of the International Accounting Standards Board (IASB) and US Financial Accounting Standards Board (FASB) (see www.iasb.org.uk and www.fasb.org, respectively). It has prepared executive summaries of discussions and decisions with respect to the following topics addressed at AcSB meetings on November 30 and December 4, 2006: International Activities; Public Company Strategy; Private Company Strategy; Financial Instruments; Accounting Policy Choice for Transaction Costs; AcSB Objectives and Work Plan — 2007-2008 Operating Year; AcSB’s Role, Processes, Structure and Resources; Internally Developed Intangible Assets.