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Due Process

PSAB 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 public sector financial reporting standards and other guidance.
  • Accountability: analyzing the potential effects of our proposals on affected parties and explaining the rationale for the Board’s decisions when developing or changing a standard and other guidance. We are also directly accountable to the Accounting Standards Oversight Council.

Due Process Procedures

Review the due process procedures

due process procedures

Review the phases of due process

PSAB Phases of Due-Process