Canadian Accounting Standards

Canadian Accounting Standards are a set of rules and guidelines that organizations in Canada follow to prepare and present their financial statements accurately and consistently. Managed by the Accounting Standards Board, these standards ensure transparency, comparability, and reliability in financial reporting for companies, non-profits, and other entities. They help stakeholders—such as investors, regulators, and the public—understand an organization’s financial position and performance. Overall, these standards aim to promote trust and integrity in financial information across Canadian organizations.