Background
In March 2026, the AcSB revised its Due Process Manual to modify the approach to annual improvements. The Board will shift from an annual cycle of improvements to a package of minor amendments, without specifying a frequency of issue.
The package will include unrelated improvements in one document. These amendments are limited to changes that either clarify the wording in a standard or correct relatively minor unintended consequences, oversights, or conflicts between existing requirements of standards. The amendments do not propose a new principle or a change to an existing principle, but they may change practice.
At its meeting in March 2026, the AcSB approved a project proposal to develop an exposure draft for a package of minor amendments for the fiscal year 2026-2027.
Topics in the 2026-2027 package will stem from multiple sources, including a review of amendments to frameworks in other jurisdictions, the AcSB’s Guidance Framework, and out-of-scope issues raised in feedback from other exposure drafts.