Page Last Updated: August 28, 2020
The Conceptual Framework document details the principles, objectives, assumptions, and definitions that guide SASB’s thinking and approach to Standard-setting/revising. The Conceptual Framework project will clarify and strengthen these core principles and concepts that govern SASB’s Standards.
SASB’s Conceptual Framework document was published in February of 2017 and does not reflect SASB’s updated mission statement, nor does not reflect SASB’s global reach, and the document contains outdated assumptions, definitions, and data.
The Conceptual Framework document’s 90-day public comment period is in progress and is expected to end on November 30, 2020.
SASB’s Standards Board will consider all public comments submitted and conduct deliberations based on the comments received. At that time, the Standards Board may pursue further revisions of the Conceptual Framework or may approve the exposure draft as is. Upon the approval of the Conceptual Framework by the Standards Board, the approved version will supersede the 2017 version of the Conceptual Framework.
Register for the webinar “Conceptual Framework & Rules of Procedure Public Comment Period Launch,” September 10, 2020, 7am-8am PST
Board Meeting Outcomes
- The board discussed a new project on SASB’s Conceptual Framework.
For a full list of past and upcoming Standards Board meetings, as well as associated materials, please visit our Board Meetings Calendar & Archive.
The staff has prepared this summary for informational purposes only. Any Standards Board decisions are tentative and do not change current accounting. Official positions of SASB are determined only after extensive due process and deliberations.