Canadian Accounting Standards Board

The Canadian Accounting Standards Board (AcSB) is an organization that develops and maintains accounting rules and guidelines used by public companies and certain other entities in Canada. Its goal is to ensure consistent, transparent, and high-quality financial reporting, enabling stakeholders like investors, creditors, and regulators to make informed decisions. The AcSB establishes accounting standards that align with international practices but are tailored to Canada's needs. By doing so, it promotes trust in financial information and contributes to the stability and integrity of Canada’s financial system.