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Standard setting during the COVID-19 pandemic

April 6, 2020 News

Like you, we are monitoring the COVID-19 pandemic closely and evaluating daily how to respond to, and operate in, this environment.

The safety of those we work with is our first priority. We have already made the decision to suspend all in-person standard-setting meetings and events for as long as necessary. In-person meetings that were postponed are being rescheduled in virtual formats.

Our Boards, Oversight Councils, committees and staff will continue our standard-setting operations from the safety of our homes. We continue to be accessible via the email addresses and phone numbers you see on our webpages. (Contact us anytime through our online form as well, monitored Monday through Friday during regular business hours.)

The impact of the COVID-19 crisis is unprecedented and we recognize the challenges we all face in continuing our regular operations. Our decisions will continue to be made with careful consideration.

For example, the Boards will be making decisions around their 2020-2021 Annual Plans. Each Plan was developed before we were aware of the uncertainties created by the global COVID-19 crisis and its effects in Canada. Each Board is now evaluating its activities to ensure we are adapting and being sensitive to the developing needs and priorities of our stakeholders during this exceptional time.

Finally, but most importantly, we are committed to ensuring that we continue to work in the public interest, and to be transparent and consistent in our communications with you during this time.

Ken Charbonneau Linda Mezon Charles-Antoine St-Jean
Ken Charbonneau, FCPA, FCA, ICD.D
Chair, Auditing and Assurance Standards Board
Linda Mezon, FCPA, FCA, CPA (MI), CGMA
Chair, Accounting Standards Board
Charles-Antoine St-Jean, FCPA, FCA
Chair, Public Sector Accounting Board