14. How can Canadian CAs have input into the IFRS standard-setting process?

Canada plays a prominent role in the development of IFRSs.

It is important that Canadian CAs continue to provide input to proposed changes in standards. Two avenues of communication are in place.

• International Accounting Standards Board (IASB) discussion papers and exposure drafts: Canadian CAs are encouraged to inform themselves of the issues and be prepared to respond. You can register on this website to receive updates. Send responses to the Accounting Standards Board (AcSB) or directly to the IASB.
• IFRS Discussion Group (IDG): The Accounting Standards Board (AcSB) established the IDG as a public forum for discussion of IFRS-related issues in Canada. The IDG considers issues relating to the application of IFRSs in Canada and makes recommendations on whether particular issues should be referred to the IASB or IFRS Interpretations Committee. Click here for more information on the IDG.