MNP Comment Letter - Agriculture Discussion Paper

Category: ASPE

MNP Comment Letter - Agriculture Discussion Paper


Thank you for the opportunity to comment on the above-noted Discussion Paper (“DP”). We have reviewed the DP and have provided our comments below. Where no comments have been provided for a particular question, this indicates our agreement with the AcSB’s preliminary view.

Question 1: Do you agree that authoritative guidance with respect to accounting for biological assets and agricultural produce by private enterprises should be developed? Why or why not? Yes, we agree there is a need for authoritative guidance in this area to address the diversity in practice that currently impacts reporting within the agricultural sector. We agree that enhanced consistency and comparability will be of great benefit to users and preparers alike.

MNP Comment Letter - Agriculture Discussion Paper

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Michelle Balmer

Michelle Balmer CPA, CA

Vice President, Assurance

Michelle Balmer, CPA, CA, is a Senior Assurance Services Partner with MNP. With 14 years of experience in public practice, Michelle helps a broad range of public and privately held companies in a variety of industries. She also works on special projects, including costing studies, benchmarking and best-practice studies, operational analyses, litigation support and due diligence.

As a key member of MNP's Assurance team, Michelle has played an instrumental role in assurance policy development, implementing accounting and assurance standards firm-wide and educating assurance practitioners regarding methodologies and new pronouncements. She also provides technical advice and consultation on accounting and assurance issues, as well as on rules of professional conduct issues, to all MNP practitioners.

Michelle was certified a Chartered Accountant (CA) after obtaining a Bachelor of Commerce degree from the University of Alberta. She has been actively involved with the Institute of Chartered Accountants of Alberta, including the Chartered Accountants School of Business, in an instructional and marketing capacity. An avid volunteer, she has assisted numerous groups such as the Easter Seals of Alberta, Paralympic Sports Association and Junior Achievement of Northern Alberta.