Roles & Responsibilities
The roles and responsibilities of the Audit Evidence and Risk Response Advisory Group are to:
- identify key issues in the Canadian environment related to the topics within the scope of the Audit Evidence and Risk Response project;
- review 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;
- assist the AASB with external outreach and engagement;
- analyze feedback on exposure drafts and provide the AASB recommendations on how to respond; and
- assist the AASB in identifying implementation risks and possible responses to those risks.
Meetings
The Group meets privately via conference call approximately four times a year. The results of the Group meetings serve as the basis for agenda papers presented to the AASB when this project is on its meeting agenda.
Keep up to date on this project via the Audit Evidence and Risk Response project page.
Membership
The Group consists of nine members with a range of backgrounds and experience, including:
- an AASB member;
- practitioners from small, medium, and large firms;
- a public sector practitioner;
- experience with Indigenous-owned organizations;
- previously served on the AASB’s Audit Evidence Advisory Group;
- expertise in audit analytics and use of emerging technologies on audit engagements; and
- an academic.
Members are generally appointed for the term of the project and are expected to have an in-depth understanding of auditing standards and their practical application.