For publicly accountable enterprises, IFRS became mandatory in Canada for fiscal periods beginning after January 1, 2011.
A deviation from prior policy was the invitation to other organizations to participate in ARC work by appointing up to six of its proposed members.
The chief aim of the expanded structure is to continue the search for ways of increasing the thrust and scope of accounting and auditing research.
For a number of years prior to 1968, the Research Committee issued bulletins on financial disclosure, accounting principles, terminology, reporting and auditing procedures.
The association also publishes the GAAP Guide, which summarizes and compares Canadian, United States and international accounting standards.