AcSB publishes final framework for reporting performance measures

  • AcSB (Accounting Standards Board - Canada) Image

13 Dec 2018

In order to help enhance the relevance of financial information, the Canadian standard-setter Accounting Standards Board (AcSB) has developed a framework responding to the needs of stakeholders about the performance measures reported by entities. The framework is aimed at enhancing the usefulness and transparency of performance measures for users when management chooses to report them outside financial statements.

The framework was first published as a draft in June 2018, and stakeholders were asked to provide their feedback by way of an online survey, in-person discussions, and written responses. 

The AcSB received feedback from over 350 Canadian and international stakeholders, from both the for-profit and not-for profit sectors, as well as from all parties involved in financial reporting – management, directors, providers, regulators, academics, and standard setters.

As a result, a detailed breakdown of respondents and their comments accompanies the final framework for reporting performance measures (both links to the AcSB website).

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