RASOC

Reporting & Assurance Standards Oversight Council

Established in 2024, the Reporting & Assurance Standards Oversight Council is an independent, volunteer body dedicated to serving the public interest.

The oversight council oversees and provides input into the activities of four standard-setting boards:

Auditing and Assurance Standards Board (AASB)
Accounting Standards Board (AcSB)
Canadian Sustainability Standards Board (CSSB)
Public Sector Accounting Standards Board (PSAB)

Contact the oversight council

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Canadian Standard Setting Changes Ahead – Independent Review Committee recommendations are moving forward

Next steps are approved, and implementation plans are underway on the recommendations made by the Independent Review Committee on Standard Setting in Canada (IRCSS) in March 2023. Key approvals include setting up an independent legal entity to house standard-setting activities, putting a new funding model in place, and establishing a single oversight council.