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AcSOC

Accounting Standards Oversight Council

About AcSOC

The Accounting Standards Oversight Council (AcSOC) is an independent, volunteer body established in 2000 to serve the public interest by overseeing and providing input into the activities of the Accounting Standards Board (AcSB). In 2003, AcSOC started overseeing and providing input into the activities of the Public Sector Accounting Board (PSAB).

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Canadian Standard Setting Changes Ahead – Independent Review Committee recommendations are moving forward

Next steps are approved, and implementation plans are underway on the recommendations made by the Independent Review Committee on Standard Setting in Canada (IRCSS) in March 2023. Key approvals include setting up an independent legal entity to house standard-setting activities, putting a new funding model in place, and establishing a single oversight council.

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Meeting & event summaries

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June 1, 2023 AcSOC Meeting Minutes – June 1, 2023

The Council met on June 1-2, 2023, to discuss the activities of the AcSB, PSAB, and related matters. Read the full report for more information.

February 23, 2023 AcSOC Meeting Minutes – February 23, 2023

The Council met on February 23, 2023, to discuss the activities of the AcSB, PSAB, and related matters. Read the full report for more information.


February 9, 2023 AcSOC Meeting Minutes – February 17-18, 2022

The Council met on February 17-18, 2022, to discuss the activities of the AcSB, PSAB, and related matters. Read the full report for more information.

News

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April 1, 2024 News
Canada’s Reporting and Assurance Oversight Councils Announce Transition to Single Oversight Council for Streamlined Standard Setting

Canada’s reporting and assurance oversight councils are pleased to announce the establishment of the Reporting & Assurance Standards Oversight Council (the Oversight Council), an important step towards enhancing standard-setting efficiency and connectivity in Canada.   

March 31, 2024 News
Appointments, Reappointments, and Retirements – AcSOC

AcSOC is pleased to announce the appointments and reappointments for the AcSB and PSAB. We also wish to thank those retiring for their dedicated service. Read the appointments page for full details.

December 19, 2023 News
Canadian Standard Setting Changes Ahead – Independent Review Committee recommendations are moving forward

Next steps are approved, and implementation plans are underway on the recommendations made by the Independent Review Committee on Standard Setting in Canada (IRCSS) in March 2023. Key approvals include setting up an independent legal entity to house standard-setting activities, putting a new funding model in place, and establishing a single oversight council.