Accounting, Audit and Assurance Standards Oversight Councils Announce Canadian Sustainability Standards Board

The Accounting Standards Oversight Council and Auditing and Assurance Standards Oversight Council mutually approved the formation of a Canadian Sustainability Standards Board (CSSB). The Councils’ decision to approve this early recommendation is a testament to the progress made to develop global sustainability disclosure standards and the need for the CSSB to ensure the Canadian perspective is brought to international decision making. The Independent Review Committee on Standard Setting in Canada’s final recommendations report will be published in summer.