The Auditing and Assurance Standards Board (AASB) established the Auditing Accounting Estimates Advisory Group in 2016 to provide the AASB advice on its project to consider revisions to CAS 540, Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures.
The role and responsibilities of the Advisory Group includes the following:
The Advisory Group meets privately approximately five times a year.
The results of Advisory Group meetings serve as the basis for agenda papers presented to the AASB when the Auditing Accounting Estimates project is on its meeting agenda.
Keep up to date on this project via the Auditing Accounting Estimates project page.
The Advisory Group consists of: