The Accounting Standards Oversight Council (AcSOC) and the Auditing and Assurance Standards Oversight Council (AASOC) are independent, volunteer bodies established to serve the public interest by overseeing and providing input into the activities of the Accounting Standards Board (AcSB), the Public Sector Accounting Board (PSAB), the Auditing and Assurance Standards Board (AASB), and the Independence Standing Committee (ISC). We also play a role in providing public interest oversight over the newly operational Canadian Sustainability Standards Board (CSSB).
Contributing to and influencing international standards development in a way far beyond our relative size, Canada's standard setters have a global reputation of the highest calibre. This ensures that the voices of Canadians interested in and impacted by the standards are heard.
Standard setting is a key public interest activity. We want to remind all parties in the reporting ecosystem of the importance of ensuring that standard setting in Canada is adequately resourced and that the activities of the AcSB, the AASB, PSAB and the CSSB continue without disruption.
To that end, we encourage CPA Canada and the provincial and territorial CPA bodies to collaborate to ensure that standard setting continues in the public interest.
Sincerely,
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Kevin Nye, MBA
Chair, AASOC and Co-chair,
CSSB Implementation Committee
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Lorraine Moore, MBA, ICD.D
Chair, AcSOC and Co-chair,
CSSB Implementation Committee
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