In our submission to the XRB on the Exposure Draft: 2025 Amendments to XRB A1 Application of the Accounting Standards Framework we made the following key points:

• We support the proposed amendments to the definition of “public accountability” which we agree will provide important and necessary clarifications to these requirements.
• We also support increasing the Tier 1 size threshold for for-profit public sector entities from $30 million to $33 million total expenses to align with the Tier 1 size threshold for public benefit entities (PBEs).
• We agree that the proposed clarifications to terminology in the PBE Tier 4 criteria and ‘moving between tiers’ provisions do make it clearer when an entity is able to apply the Tier 4 standard.