The AcSB Standard-setting Due Process Manual outlines our rigorous set of procedures to develop and adopt standards.
The AcSB’s due process is built on its Terms of Reference and Statement of Operating Procedures, and is based on the following principles:
- Transparency: conducting our standard-setting process in a transparent manner.
- Consultation: considering the perspectives of those affected by Canadian financial reporting standards.
- Accountability: analyzing the potential effects of its proposals on affected parties and explaining the rationale for our decisions when developing or changing a standard. We are also directly accountable to the Reporting and Assurance Standards Oversight Council.
Different Sets of Standards
Review the due process procedures for IFRS® Accounting Standards.
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Review the due process procedures for domestic standards.
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