Ontario Non-Profit Network announcement

I received the following letter as an email. In order to help spread this announcement, I am posting it here. Please share the following information with all non-profit organizations in Ontario:



June 30th Deadline: Changes to How Non-Profits Do Business


Dear Sector Partners,

Earlier this year the Accounting Standards Board and the Public Sector Accounting Board issued an Invitation to Comment: Financial Reporting by Not-For-Profit Organizations. This document has proposed a number of alternatives to the current accounting standard regime used by the NFP sector. The Standards Boards are soliciting input on a number of matters that could have a significant impact on the way we do business. The Standards Boards are providing an opportunity, until June 30, 2009, for the not-for-profit sector to comment on the future of the standards – this is our opportunity to have a voice.

The Ontario Nonprofit Network and Imagine Canada established an Expert Committee to review this "Invitation to Comment" in order to prepare a response to the critical questions raised in this document.

Please download a copy of the position paper that Imagine Canada and ONN have prepared in response to this ‘Invitation to Comment’. We are circulating this position paper broadly across the sector in order to stimulate involvement by as many organizations as possible and to get your feedback. We urge you to participate in the consultation.

ONN and Imagine Canada will be hosting a webinar on June 2nd from 1 to 2 pm EDT to provide further details on the positions being proposed and respond to your questions and comments. There is no charge for the webinar but participants must register in advance.

We urge you to participate either by acknowledging support of the position paper by June 18th, or by using the content and your knowledge to develop your own position for submission direct to the Standards Boards by the end of June.

Regards,
The Ontario Nonprofit Network & Imagine Canada