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.
Compilation Engagements Task Force
The Compilation Engagements Task Force provides the AASB advice on its project to revise Section 9200, Compilation Engagements.
Extended External Reporting Assurance Advisory Group
The Extended External Reporting (EER) Assurance Advisory Group provides the AASB advice on its project to consider the specific challenges auditors face in applying Audit and Assurance standards to corporate reporting beyond the historical financial statements.
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.
Task Force on Reporting Implications of Canadian Auditing Standards
The Task Force on Reporting Implications of Canadian Auditing Standards 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 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.