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Knowledge is good, wisdom is even better.

Wisdom turns agility into action. The insights that fuel better questions and conversations between private business owners and EY professionals are organized here for easy reference. What are you reading today that will grow your business tomorrow?

As a firm, we are committed to keeping you informed on the most pressing topics that affect the world your business operates in. See below for our hot topics, recent tax publications and Accounting Standards for Private Enterprises (ASPE) publications.


Hot Topics

Recently featured

Tax Issues

Accounting Standards and Technical Support

Private companies have a unique set of reporting standards that differ from that of a public company.

To ensure sound reporting practices are followed, EY has a team within our National Accounting and Assurance group dedicated to servicing and understanding the unique needs of our private mid-market clients.

Our team is focused on supporting and advising on technical accounting and auditing matters for private companies. We can assist you in many ways including:

  • Reviewing your financial statements
  • Training your accounting personnel
  • Assisting you in understanding the implications of new or proposed accounting standards
  • Understanding and advising on the implications of complex business transactions

We can help you successfully navigate the private company reporting environment.

Related content:

 

Understanding ASPE publications

This series of Understanding ASPE publications have been developed to assist preparers of financial statements with Accounting Standards for Private Enterprises (“ASPE”). Our Understanding ASPE publications provide current and relevant topics of interest to private mid-market enterprises in an easy-to-understand format.

Through answering commonly asked questions, these publications summarize certain key aspects to select ASPE topics without providing an expressed viewpoint.

To learn more about ASPE or for application guidance please contact our Private Mid-Market Practice at privatecompanyinfo@ca.ey.com.

EY - Understanding ASPE Section 1506
Section 1506
Accounting Changes
Seven questions for private business owners
EY - Understanding ASPE Section 1510
Section 1510
Current Assets and Current Liabilities
Five questions for private business owners
EY - Understanding ASPE Section 1520
Section 1520
Income Statement
Three questions for private business owners
EY - Understanding ASPE Section 1521
Section 1521
Balance Sheet
Three questions for private business owners
EY - Understanding ASPE Section 1540
Section 1540
Cash Flow Statement
Eight questions for private business owners
EY - Understanding ASPE Section 1582
Section 1582
Business Combinations
Five questions for private business owners
EY - Understanding ASPE Section 1590
Section 1590
Subsidiaries
Three questions for private business owners
EY - Understanding ASPE Section 1625
Section 1625
Comprehensive Revaluation of Assets and Liabilities
Four questions for private business owners
EY - Understanding ASPE Section 1651
Section 1651
Foreign Currency Translation
Five questions for private business owners
EY - Understanding ASPE Section 3056
Section 3056
Interests in Joint Arrangements
Seven questions for private business owners
EY - Understanding ASPE Section 3065
Section 3065
Leases
Four questions for private business owners
EY - Understanding ASPE Section 3240-3251-3610
Sections 3240, 3251 & 3610
Share Capital, Equity and Capital Transactions
Six questions for private business owners
EY - Understanding ASPE Section 3280-3290
Sections 3280 & 3290
Contractual Obligations and Contingencies
Seven questions for private business owners
EY - Understanding ASPE Section 3400
Section 3400
Revenue
Six questions for private business owners
EY - Understanding ASPE Section 3465
Section 3465
Income Taxes
Six questions for private business owners
EY - Understanding ASPE Section 3800-3805
Sections 3800 & 3805
Government Assistance and Investment Tax Credits
Seven questions for private business owners
EY - Understanding ASPE Section 3840
Section 3840
Related Party Transactions
Four questions for private business owners
EY - Understanding ASPE Section 3856
Section 3856
Financial Instruments
Seven questions for private business owners