Skip to main content



August 24, 2023


Top 5 FAQs: IRCSS Final Report Recommendations

Read these top 5 frequently asked questions as both a reminder and update in advance of decisions anticipated in Fall 2023 – decisions that will pave the way forward for standard setting in Canada for years to come.

March 1, 2023


Media Release – Independent review concludes, setting the stage for the future of Canadian accounting, auditing, and sustainability standard setting

The Independent Review Committee on Standard Setting in Canada issued its final recommendations report. The recommendations aim to ensure Canadian accounting and auditing – and now sustainability reporting and assurance – standard setting continues to be independent and internationally recognized. A summary feedback statement will soon be issued, outlining the feedback the committee received during its consultation process.

March 1, 2023


Final Report – Independent Review Committee on Standard Setting in Canada

The Committee’s 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. Read our recommendations to ensure Canadian standard setting will continue to be independent and internationally recognized.

June 15, 2022


MEDIA RELEASE – Accounting, Audit and Assurance Standards Oversight Councils announce Canadian Sustainability Standards Board

As the pace of progress in sustainability disclosures continues to accelerate, the Accounting Standards Oversight Council (AcSOC) and Auditing and Assurance Standards Oversight Council (AASOC) mutually approved the formation of the Canadian Sustainability Standards Board (CSSB). Read the media release to learn more about what this means for Canada.

April 27, 2022


Time for Deliberations

We met with and heard from hundreds of stakeholders over the last few months in response to our Consultation Paper. We have begun our deliberations, with the goal of issuing our final recommendations to Canada’s financial reporting and assurance standards oversight councils in Summer 2022. Read our update for more on the key issues we are considering, our next steps and how you can continue to share your thoughts.

February 15, 2022


Roundtable Discussion – Share your feedback on the future of standard setting in Canada

Join members of the Independent Review Committee on Standard Setting in Canada for an open roundtable discussion on their Consultation Paper. Share your feedback on the key matters explored and help the Committee formulate its final recommendations to keep Canadian standard setting independent and world class. Register today in English or French. 

February 3, 2022


Webinar – A Call for Action on Sustainability Reporting Standards

The Independent Review Committee on Standard Setting in Canada believes a Canadian sustainability standards board is needed. Why do we need this board and what does this mean when an International Sustainability Standards Board (ISSB) is being established? Watch this webinar to get an overview of this recommendation. 

February 2, 2022


A Breakdown – The Independent Review Committee on Standard Setting in Canada

This easy-to-read resource offers an overview of the IRCSS’s Consultation Paper – the purpose and key matters explored – and identifies how you can help the IRCSS formulate its final recommendations for standard setting in Canada. Read more.

January 27, 2022


Webinar – The future of accounting and auditing standard setting (and yes, that means sustainability too)  

Join Edward J. Waitzer, Chair of Independent Review Committee on Standard Setting in Canada, to get an understanding of the Committee’s overall mandate and thinking when it comes to accounting and auditing standard setting, as well as what might be needed for the future – including sustainability standards.

January 13, 2022

News, Document for Comment

IRCSS Consultation Paper Response Deadline Extended to March 31, 2022

The pandemic continues to greatly impact the activities of organizations and individuals. To ensure our stakeholders have adequate time to weigh in on our Consultation Paper, the Committee has extended the comment period for its Consultation Paper from February 28, 2022, to March 31, 2022.