MNP Comment Letter – Combinations: Initial Measurement and Related Disclosures

MNP Comment Letter – Combinations: Initial Measurement and Related Disclosures


Thank you for the opportunity to provide input to the Accounting Standards Board (AcSB) on the above noted document.

MNP LLP is one of Canada’s largest chartered professional accountancy and business advisory firms, with a significant focus on clients in private enterprises and not-for-profit organizations. We believe that we are well-positioned to provide feedback on this exposure draft (“ED”).

We have reviewed the ED and have provided our comments below. We support the AcSB’s efforts to provide a standard to account for the recognition and measurement of combinations by not-for-profit organizations (NFPOs). There are certain items for which we have concerns, and we have also identified some areas where we believe additional guidance may assist in the consistent application of the finalized standard.

MNP Comment Letter – Combinations: Initial Measurement and Related Disclosures

Contact a member of MNP's Financial Reporting Team

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.