AASB

Auditing Accounting Estimates Advisory Group

About the Advisory Group

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.

Staff Contact(s)

Johanna Field, CPA, CA

Principal, Auditing and Assurance Standards Board

Role & Responsibilities

The role and responsibilities of the Advisory Group includes the following:

  • Identifying key issues in the Canadian auditing environment.
  • Reviewing International Auditing and Assurance Standards Board agenda materials, determining impacts and issues relevant to Canada, and providing these views to the AASB for its consideration.
  • Assisting the AASB with stakeholder consultations.
  • Providing input on the Highlights Summary that accompanies an exposure draft.
  • Analyzing stakeholder responses to the exposure draft and providing recommendations to the AASB to address feedback on the proposed new standard. 
  • Providing input on the proposed final standard.
  • Identifying possible Canadian amendments to the equivalent International Standard on Auditing.
  • Assisting the AASB in identifying implementation risks and possible responses to those risks.
  • Providing input on implementation guidance.

Meetings

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.

Membership

The Advisory Group consists of:

  • a former AASB member;
  • a member with significant experience working in public sector;
  • 4 members with significant experience working in the financial institution, real estate, insurance, oil and gas, or mining sectors; and
  • a member from a small to medium-sized practice.

Andrew Newman

FCPA, FCA
KPMG LLP
Ottawa, ON
Chair

Caroline Davis

FCPA, FCA
,

Christopher Bayda

FCPA, FCA
Ministry of Finance of Saskatchewan
Regina, SK
Member(s)

Desiree Kennedy

CPA, CA
City of Kingston
Kingston, ON
Member(s)

Lorrie Schmalenberg

CPA, CGA
City of Regina
Regina, SK
Member(s)

Marie-Soleil Tremblay

FCPA auditrice, FCA
École nationale d'administration publique
Québec, QC
Member(s)

Martin Boucher

CPA auditeur, CA
PricewaterhouseCoopers
Montréal, QC
Member(s)

Michael McIntyre

CPA, CA
Membertou First Nation
Sydney, NS
Member(s)

Robert Siddall

FCPA, FCA
,

Stuart Barr

CPA, CMA
Office of the Auditor General of Canada
Ottawa, ON
Member(s)

Suzie Gignac

CPA, CA
Ernst & Young
Ottawa, ON
Member(s)

Russ Jones

FCPA, FCA
Office of the Auditor General of British Columbia
Victoria, BC
Vice-Chair

Rod Monette

FCPA, FCA
,