In Canada, both financial and managerial accounting are governed by the Accounting Standards Board (AcSB) of CPA Canada.

Name: In Canada, both financial and managerial accounting are governed by the Accounting Standards Board (AcSB) of CPA Canada.
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The Accounting Standards Board (AcSB) in Canada governs financial accounting standards, while managerial accounting is not governed by any specific external standards as it is used internally by organizations for decision-making.

In Canada, Both Financial and Managerial Accounting Are Governed by the Accounting