PSAB 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.
- Consultation: considering the perspectives of those affected by Canadian public sector financial reporting standards and other guidance.
- Accountability: analyzing the potential effects of our proposals on affected parties and explaining the rationale for PSAB’s decisions when developing or changing a standard and other guidance. We are also directly accountable to the Oversight Council.