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Courses/Accounting & Tax/Accounting

2025 ASPE Accounting Standards Update

Navigate the latest ASPE updates for 2025. This course equips you with essential insights on common deficiencies and emerging standards, ensuring you stay up-to-date with standards changes.

Created byClearline Consulting
5.0
(784 reviews)
BeginnerUpdated Oct 7, 2025
2025 ASPE Accounting Standards Update

What You'll Learn

check_circleIdentify common ASPE and ASNPO financial statement deficiencies.
check_circleUnderstand changes to upfront non-refundable fees.
check_circleApply new related party combination guidance effectively.
check_circleRecognize updates for life insurance with cash surrender value.
check_circleAnalyze proposed changes to goodwill and intangibles.
check_circleRecall new developments in NPO contribution revenue.

About This Course

Stay ahead of the curve in 2025 with this comprehensive update on ASPE and ASNPO accounting standards. This course provides a detailed overview of the latest developments and proposed changes impacting private enterprises and not-for-profit organizations.

Led by an expert, you’ll gain critical insights into:

  • Practice Inspection Results & Common Deficiencies: Understand the most frequent pitfalls and strategies to enhance your financial statements and engagement files.
  • Key Standard Amendments & Effective Dates: Explore changes from the recent past and upcoming standards, including:
    • Upfront Non-Refundable Fees (Section 3400)
    • Related Party Transactions & Common Control Combinations (Section 3840)
    • Life Insurance with Cash Surrender Value (Accounting Guideline 21)
    • Amendments to the Agriculture Standard (Section 3041)
  • Goodwill and Intangible Assets: Delve into ongoing discussions about the recognition and amortization of goodwill, and potential relief from recognizing certain intangible assets.
  • Not-for-Profit Contribution Revenue Recognition: Get the latest on the evolving landscape of NPO revenue recognition, including deferred and restricted fund methods.
  • Detailed Review of ASPE: A summary of the recent consultation paper regarding potential simplifications, additional guidance, and other proposed improvements to ASPE.

By the end of this course, you will be equipped to identify and address common practice inspection deficiencies, apply the newest ASPE and ASNPO standards, and prepare for future changes to ensure compliance and robust financial reporting.

Your Instructors

Clearline Consulting
Clearline Consulting
menu_book25 courses
star2,209 reviews

Clearline Consulting provides practitioners and their staff with the tools, training and advice they need to succeed and build thriving accounting firms. From tax compliance to estate planning, file monitoring to assisting with practice review, staff training to customized consulting solutions, our team exists to serve the needs of small to mid-sized public practice firms across Canada. Our collaborative, integrated approach means your firm has access to and support from knowledgeable practitioners who are in front of the ever-changing standards environment. Our core services include supporting firms with the implementation of the quality management standards, external file monitoring, services for accounting, assurance and taxation maters, provisions of templates and resources, practice management and risk mitigation consultations.

Tom  Gillespie, CPA, CA
Tom Gillespie, CPA, CA

Assurance Partner at Clearline Consulting CPA

Tom is a Partner at Clearline Consulting and Clearline CPA, with a distinguished background in audit, assurance, and professional standards. Before establishing Clearline Consulting, he was the Associate Director of Practice Review/Licensing at the Chartered Professional Accountants of British Columbia (CPABC), overseeing the practice review and licensing programs and serving as a Practice Review Officer. His role extended to offering technical advice as a Professional Standards Advisor and contributing to CPABC’s publications. Tom continues to engage in professional development and consultancy services with the provisional CPA bodies, CPA Canada and CPA firms across Canada. With over 20+ years in audit and assurance, his career began in Ontario, gaining his accounting designation while working as an external auditor in Ottawa. His experience spans a variety of industries, including not-for-profits, and international exposure in Bermuda auditing investment funds and banking organizations. At Clearline Consulting, Tom leverages his extensive experience to offer file monitoring, professional development, training, and consulting services. His work is pivotal in aiding CPA firms and practitioners to excel and cultivate prosperous practices.

Bridget Noonan
Bridget Noonan

Partner and co-founder of Clearline Consulting

Bridget has 20 years of experience in the accounting profession. Bridget is an assurance partner of Clearline CPA and co-founder of Clearline Consulting. Through these two diverse, however complimentary roles, her days are devoted to small and mid-size public practice firms and our clients. Bridget has many perspectives within the accounting profession. As an assurance partner, a past and present board member and a consultant working with CPABC, CPA Canada and 300+ small to mid-size firms throughout Canada. Bridget has authored and facilitated CPA courses for the profession for over 20 years and provides firm training and support in all areas of standards and regulatory compliance, practice management, quality management and file reviews.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

What Students Are Saying

5.0
Student's Choice
784 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.