Purpose
The purpose of the Committee is to ensure that the AcSB is fully informed of academic research in areas relevant to setting accounting standards, and that academic research programs benefiting the standard-setting process are developed on a timely basis. The AcSB also hopes that the Committee will increase accounting academics’ understanding of Canadian and international standard-setting initiatives and issues. Closer ties between the academic community and standard setters will ensure that the basic concepts and principles being taught to tomorrow’s accountants are consistent with those used in the development of accounting standards.
Process
The Committee provides input to the AcSB on a variety of matters including accounting standards proposed by the AcSB and the International Accounting Standards Board (IASB). The Committee also informs the AcSB of theoretical concepts having wide-ranging implications for standard-setting and contributes towards the determination, development and implementation of the AcSB’s research agenda when requested.
Membership
The Committee is chaired by AcSB member Johnathon Cziffra, a prominent Canadian academic from the HEC Montréal in Montreal, Quebec. It comprises 15-25 members from across Canada with varying interests in research, teaching, textbook writing and outreach to the business community, and includes the academic member of the Accounting Standards Oversight Committee (AcSOC).
The Committee typically meets once or twice a year. Meetings are not open to the public.