Financial Reporting & Assurance Standards Canada: Annual & Public Reports 2013-2014

Read Financial Reporting & Assurance Standards (FRAS) Canada’s annual and public reports for 2013-2014, with messages from the chair.


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Annual Reports 2013-2014

Accounting Standards Oversight Council (AcSOC) Annual Report 2013-2014

Message from Chair Kevin Nye: AcSOC established an ad hoc committee this year to focus on the meaning of “public interest”. To support the notion of the public interest in standard setting, the diversity AcSOC’s membership stretches beyond just professional diversity.    

Accounting Standards Board (AcSB) Annual Report 2013-2014

Message from Chair Linda F. Mezon: One of the most important activities the AcSB has been involved in this past year is removing obstacles to full implementation of International Financial Reporting Standards (IFRSs) in Canada.

Public Sector Accounting Board (PSAB) Annual Report 2013-2014

Message from Chair Rod Monette: During the year, PSAB responded to stakeholder needs on two significant matters: government transfers and financial instruments.

Auditing and Assurance Standards Oversight Council (AASOC) Public Report

For the period ending August 31, 2014

Message from Chair Bill McFetridge – Over the past few years, significant questions have been raised outside Canada regarding the quality of audits and how audit quality may be improved in light of the 2008 global financial crisis.

Auditing and Assurance Standards Board (AASB) Annual Report 2013-2014

Message from Chair Cathy MacGregor – Audit quality remains a significant issue globally, as several stakeholders, including governments, regulators and national standard setters , continue to debate methods to enhance the quality of audits.