The review of the governance and structure for establishing Canadian accounting, auditing, and assurance standards, and to identify what might be needed for the future – including sustainability standards – is now complete.
Since the last comprehensive review more than 20 years ago, the standard-setting environment has evolved dynamically and rapidly both in Canada and globally. The overall objective of the Committee was to consider the extent to which the Canadian standard-setting model can effectively respond to this environment, and what changes might be appropriate to ensure that it is “fit for the future” and continues to serve the public interest.