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AASB

Going Concern Advisory Group

About the Advisory Group

The Auditing and Assurance Standards Board (AASB) established the Going Concern Advisory Group in 2022 to provide advice on the AASB project to consider targeted revisions to CAS 570, Going Concern, or other actions, such as non-authoritative guidance.

Staff Contact(s)

David Hirst, CPA, CA Principal, Auditing and Assurance Standards Board

Role & Responsibilities

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

  • Identifying key issues in the Canadian environment related to going concern.
  • 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 expected 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 via conference call approximately five times a year.

The results of Advisory Group meetings serve as the basis for agenda papers presented to the AASB when the Going Concern project is on its meeting agenda.

Keep up to date on this project via the Going Concern project page

Membership

The Advisory Group consists of:

  • 1 current AASB member and an academic;
  • 1 member from large firm practices; 
  • 2 members from medium-sized firm practices; and
  • 2 observers from Accounting Standards staff

Claudia Calce

CPA auditor, CGA
Demers, Beaulne - S.E.N.C.R.L.
Montréal, QC
Member

Dana Ray

CPA
MNP LLP
Winnipeg, MB
Member

David Fioretti

CPA, CA
Grant Thornton LLP
Markham, ON
Member

Natalia Kochetova-Kozloski

PhD, FCPA, FCMA
Saint Mary's University - Sobeys School of Business
Halifax, NS
Chair

Andrew White

CPA, CA
AcSB
Toronto, ON
Observer

Antonella Risi

CPA, CA
PSAB
Toronto, ON
Observer