This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Reporting Performance Measures – Enhancing the Relevance of Financial Reporting

  • All - AcSB Image

Jun 01, 2018

On June 1, 2018, the Accounting Standards Board (AcSB) announced that it will issue a Draft Framework for Reporting Performance Measures to enhance the relevance of financial information for all entities. The Framework will be issued June 14, 2018.

This Framework is the first step in responding to the needs of stakeholders – such as investors, contributors, lenders and other resource providers – about the performance measures reported by entities.

The AcSB wants to discuss and improve financial and non-financial performance measures reported outside of financial statements.

The concerns they want to address include:

  • The quality of performance measures being reported.
  • The lack of consistency, transparency and comparability of performance measures reported period to period.
  • The “expectation gap” about the governance practices of entities over how performance are developed and reported, and whether those measures are subject to assurance.
  • The limited guidance available on how to develop and report performance measures not usually subject to assurance.

Review the press release and reference materials on the AcSB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.