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 Advisory Group
The Audit Evidence Advisory Group provides the AASB advice on its project to consider revisions to CAS 500, Audit Evidence or other actions, such as non-authoritative guidance.
Audits of Less Complex Entities Advisory Group
The Audits of Less Complex Entities Advisory Group provides the AASB advice on its activities understand and address challenges that auditors face in applying Canadian Auditing Standards to audits of less complex entities.
Compilations of Future-oriented Financial Information Reference Group
The Compilations of Future-oriented Financial Information (FOFI) 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.
Fraud Advisory Group
The AASB established the Fraud Advisory Group in 2022 to provide advice on the AASB project to consider revisions to CAS 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements, or other actions, such as non-authoritative guidance.
Going Concern Advisory Group
The AASB established the Going Concern Advisory Group in 2022 to provide advice on its project to consider targeted revisions to CAS 570, Going Concern, or other actions, such as non-authoritative guidance.
Joint Fraud and Going Concern Reference Group
The AASB established the Joint Fraud and Going Concern Reference Group to provide perspectives to facilitate the revision of fraud and going concern standards.
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.