Canadian Accounting Standards (CGA)

Canadian Accounting Standards, particularly those under the Chartered Professional Accountants of Canada (CPA), provide guidelines for preparing financial statements in Canada. They ensure that financial information is accurate, consistent, and transparent. These standards help businesses and organizations communicate their financial health to stakeholders, such as investors and regulators. The aim is to create trust and reliability in financial reporting, allowing users to make informed decisions. While there are different standards for public companies and private enterprises, adherence to these regulations is essential for maintaining accountability within the accounting profession.