AASB

Identifying and Assessing Risks Advisory Group

About the Advisory Group

The Auditing and Assurance Standards Board (AASB) established the Identifying and Assessing Risks Advisory Group in 2016 to provide 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.

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 the Advisory Group meetings serve as the basis for agenda papers presented to the AASB when the Identifying and Assessing Risks project is on its meeting agenda.

Keep up to date on this project via the Identifying and Assessing the Risks of Material Misstatement project page.

Membership

The Advisory Group consists of:

  • a current member of the AASB;
  • 2 members from large firm practices;
  • a member from a small to medium-sized practice; and
  • a member from the public sector.

 

Claudia Leonardi

CPA auditor, CA
KPMG s.r.l./S.E.N.C.R.L.
Montréal, QC
Member(s)

Greg Weber

CPA, CA
Grant Thornton LLP
Mississauga, ON
Member(s)

Judy Ferguson

FCPA, FCA
Office of the Provincial Auditor of Saskatchewan
Regina, SK
Member(s)

Julie Corden

CPA, CA
Deloitte LLP
Toronto, ON
Member(s)

Lucie Lavoie

CPA auditrice, CA
Mazars, S.E.N.C.R.L.
Montréal, QC
Member(s)