AASB Steering Committee
The AASB Steering Committee is a standing committee of the AASB. The Steering Committee helps staff to identify improvements in AASB processes and works with staff on certain projects to reduce the amount of time needed for discussion of these projects at AASB meetings. The AASB does not delegate its decision-making authority to the Steering Committee and, therefore, the mandate of the SC is only to provide advice.
Audit Evidence and Risk Response Advisory Group
The Audit Evidence and Risk Response Advisory Group provides input and support to the AASB in revising CAS 330, The Auditor’s Responses to Assessed Risks, CAS 500, Audit Evidence, and CAS 520, Analytical Procedures.
Audits of Less Complex Entities Working Group
The Audits of Less Complex Entities (LCE) Working Group provides input and support to the AASB and other interested and affected parties in the LCE audit ecosystem. The Group addresses scalability matters related to the efficient and effective application of aspects of the Canadian Auditing Standards to LCE audits.
Compilations of Future-oriented Financial Information and Pro Forma Reference Group
The Compilations of Future-oriented Financial Information (FOFI) and Pro Forma Reference Group provides the AASB advice to the AASB on its project to develop a Canadian Standard on Related Services (CSRS) for compilations of FOFI. This new CSRS will replace Assurance and Related Services Guideline (AuG)-16, Compilation of a Financial Forecast or Projection.
Compilations of Future-oriented Financial Information Task Force
The Compilations of Future-oriented Financial Information (FOFI) Task Force provides guidance to the AASB on its project to develop a Canadian Standard on Related Services (CSRS) for compilations of FOFI. The new CSRS will replace Assurance and Related Services Guideline (AuG)-16, Compilation of a Financial Forecast or Projection.
Securities Regulations 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.
Sustainability Assurance Committee
The Sustainability Assurance Committee supports the AASB’s sustainability project streams of influencing the development of international sustainability assurance standard setting, advising on the challenges practitioners face, and determining a Canadian way forward for sustainability assurance standards.