The AASB 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.
- Engagement: considering the perspectives of those affected by Canadian assurance standards.
- Accountability: ensuring that obligations to interested and affected parties are met.
- Objectivity: ensuring AASB members remain independent from special interest groups, political pressures and personal interests.
Different Approaches to Standards
The AASB follows different approaches depending on whether it is:
- developing or revising a standard concurrently with the IAASB, such as an International Standard on Auditing or an International Standard on Quality Management; or
- developing or revising a standard on the AASB’s timeline.
Developing or revising a standard concurrently with the IAASB
![An image describing the development of a standard on the IAASB’s timeline](/-/media/frascanada/aasb/about/iaasb-timeline.png?h=312&w=801&rev=3c91fb2eac014a1eb063481c3b98c1d7&hash=51EF57010D045E1BEF519B0C907EEC9C)
Developing or revising a standard on the AASB’s timeline
![An image describing the development of a standard on the AASB’s timeline](/-/media/frascanada/aasb/about/aasb-timeline.png?h=332&w=950&rev=251a23a99a324404811626899635e73f&hash=A5628D982310D13903D81C94BD53E216)