Accounting Standards Board (AcSB)

The Accounting Standards Board (AcSB) is a professional organization responsible for setting and maintaining accounting rules and guidelines used by organizations in Canada. These standards ensure that financial reports are consistent, transparent, and comparable across different entities, helping users like investors, regulators, and the public make informed decisions. The AcSB works to develop and update these standards to reflect changes in business practices and economic conditions, promoting trust and reliability in financial reporting.