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Due Process

The AcSB Standard-Setting Due Process Manual outlines our rigorous set of procedures to develop and adopt standards.

Our due process 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 in material published with exposure drafts and final standards. We are also directly accountable to the Accounting Standards Oversight Council.

Different Sets of Standards

Review the due process procedures for IFRS® Standards.


IFRS Due Process

Review the due process procedures for domestically-set standards.


Domestic Due Process