This collection provides access to up-to-date information on accounting and assurance standards, IFRS implementation, Accounting Standards for Private Enterprises, as well as the Canadian Auditing Standards. Includes and cross references the CPA Canada Handbook: Accounting, CPA Canada Handbook: Assurance, CPA Canada Public Sector Accounting Handbook, Management’s Discussion and Analysis.
Canada’s financial reporting and assurance standards boards and oversight councils comprise the Accounting Standards Oversight Council, Accounting Standards Board, Public Sector Accounting Board, Auditing and Assurance Standards Oversight Council, and Auditing and Assurance Standards Board.
Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting that govern the preparation of financial reports by nongovernmental organizations. Those standards are officially recognized as authoritative by the Securities and Exchange Commission (SEC) and the American Institute of Certified Public Accountants (from About Us).
The International Accounting Standards Board is the independent standard-setting body of the IFRS Foundation, including technical staff and advisory bodies comprised of international experts (from About Us).