AASB Committees

Auditing Accounting Estimates Advisory Group

The Auditing Accounting Estimates Advisory Group provides the AASB advice on its project to consider revisions to CAS 540, Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures.

Compilation Engagements Task Force

The Compilation Engagements Task Force provides the AASB advice on its project to revise Section 9200, Compilation Engagements.

Group Audit Advisory Group

The Group Audit Advisory Group provides the AASB advice on its project to consider revisions to CAS 600, Special Considerations- Audits of Group Financial Statements (Including the Work of Component Auditors).

Identifying and Assessing Risks Advisory Group

The Identifying and Assessing Risks Advisory Group provides the AASB advice on its project to consider revisions to CAS 315, Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment.

Public Sector Auditing Standards Review Task Force

The Public Sector Auditing Standards Review Task Force provides the AASB advice on its project to update the Sections in the Handbook that apply to the audits of public sector entities.

Quality Control Advisory Group

The Quality Control Advisory Group provides the AASB advice on its project to consider revisions to CSQC 1, Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance Engagements, and CAS 220, Quality Control for an Audit of Financial Statements.

Reporting Implications of Assurance Standards Task Force

The Reporting Implications of Assurance Standards Task Force, formerly known as the Auditor Reporting Implications of the New Canadian Auditing Standards (CASs) Task Force, was established during a time of significant change to accounting and auditing standards in Canada, including the AASB’s adoption of International Standards on Auditing as CASs. As the AASB continues to make changes to the CASs in areas of auditor reporting, the Task Force continues to develop new guidance.

Securities Regulation Advisory Group

The Securities Regulations Advisory Group provides advice to the AASB on securities regulatory matters. This includes recommendations on projects to develop or revise standards that focus primarily on the auditor’s role and responsibilities in the capital markets.

Service Organizations Controls Reporting Task Force

The Service Organization Controls Reporting Task Force provides the AASB advice on its project to consider revisions to CSAE 3416, Reporting on Controls at a Service Organization.