Accounting Standards Board (Canada)

The Accounting Standards Board (AcSB) establishes accounting standards for use by private enterprises and private sector not-for-profit organisations in Canada. The AcSB contributes to the development of International Financial Reporting Standards (IFRSs) by participating in consultations and activities of the International Accounting Standards Board (IASB) to ensure Canadian publicly accountable entities' financial reporting needs are adequately considered. The AcSB develops and participates in the development of financial reporting standards.

As an independent body, the AcSB is intended to increase client confidence and promote objectivity, assisting organizations to make informed decisions on where best to allocate their financial assets.