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