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AcSB Draft Strategic Plan 2022-2027

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May 25, 2021

On May 25, 2021, the Accounting Standards Board (AcSB) released its Draft Strategic Plan, which focuses on enhancing the relevance of financial and non-financial information reported. Comments are requested by October 15, 2021.

It has been a decade since the AcSB established the four parts of the CPA Canada Handbook – Accounting. Since then, the financial reporting landscape has evolved considerably. Information needs of stakeholders have expanded as they are increasingly relying on information reported outside of the financial statements.

The AcSB wants to enhance the relevance of financial and non-financial information reported. As a result, they are proposing the following three strategies to address the changing needs of our stakeholders:

  • Deliver relevant and high-quality accounting standards.
  • Demonstrate leadership in reporting beyond traditional financial statements.
  • Raise the AcSB’s international influence.

Review the Draft Strategic Plan on the AcSB's website.

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