2024

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AcSB releases Annual Plan for 2024 - 2025

Apr 01, 2024

On April 1, 2024, the Accounting Standards Board (AcSB) of Canada released its 2024- 2025 annual plan based on the vision, mission, and strategic objectives set out in its 2022-2027 Strategic Plan. It outlines the activities AcSB plans to undertake in the third year of its five-year Strategic Plan to achieve its primary goals.

AcSB developed a framework in the 2023-2024 fiscal year to respond to interested and affected parties needing additional guidance when applying Parts II and III of the Handbook. The AcSB will focus in 2024-2025 on implementing this framework.

AcSB will review its standards (ASPE & IFRS) to improve their relevance for users and address feedback on scalability and emerging issues. They will collaborate with the Canadian Sustainability Standards Board (CSSB) and the International Accounting Standards Board (IASB) to ensure Canadian perspectives are reflected in international standards. To further engage with stakeholders, they are planning to increase the number of in-person events, fostering meaningful discussions on critical accounting issues.

Access the annual plan on the AcSB’s website.

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