The Legitimacy of the Canadian Standard Setter in the Globalization Era

Associate Professor Sylvain Durocher was awarded $63,500 from the Social Sciences and Humanities Research Council of Canada (SSHRC) for his project “The Legitimacy of the Canadian Standard Setter in the Globalization Era”.

The objective his research program is to describe the process through which the Accounting Standards Board (AcSB) of the Canadian Institute of Chartered Accountants (CICA) seeks to maintain its legitimacy as its role diminishes. The proposed research is of major importance to members of the financial community directly concerned by the AcSB’s standard-setting role. These include those who apply the accounting standards (corporate managers who prepare financial statements), audit financial statements prepared in accordance with the standards (practitioners), or make resource allocation decisions based on financial statements (financial statement users, such as institutional investors).