The purpose of the Independent Review Committee on Standard Setting in Canada is to conduct a review of the governance and structure for establishing Canadian accounting, auditing, and assurance standards, and to identify what might be needed for the future – including sustainability standards.
An integral part of the Committee’s review process is consulting with individuals and organizations on its Consultation Paper, which explores key matters such as:
- overall governance and oversight framework of the Canadian standard-setting system, including its legal structure and funding mechanisms;
- public interest and responsibilities to Indigenous peoples in the development of standards;
- timeliness and responsiveness of the current accounting, auditing, and assurance standard-setting processes; and
- establishing a Canadian Sustainability Standards Board, with consideration of its governance and accountability framework.
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This Consultation is now closed.
Read what stakeholders had to say in response to our Consultation Paper (40 MB).