The Auditing and Assurance Standards Oversight Council (AASOC) is an independent, volunteer body established in 2002 to serve the public interest by overseeing and providing input into the activities of the Auditing and Assurance Standards Board (AASB).

Our oversight:

  • ensures that the Canadian public can have confidence in both the quality of auditing and independence standards, and the credibility of the process by which those standards are set;
  • assures the integrity of Canada’s capital markets;
  • allows businesses to operate on a level playing field; and
  • gives Canadians a clear picture of the state of corporations and marketplaces.


We have no less than 13 and no more than 17 volunteer voting members. View current AASOC members.

Many of our members are prominent regulators and business leaders. Our membership consists of senior members from:

  • the accounting and legal professions;
  • finance;
  • academia
  • regulators;
  • information technology; and
  • financial analyst communities, among others.

Members have a broad perspective of the complex issues facing standard setters.


We normally meet four times a year. Additional meetings and conference calls may take place.  

At the Chair’s discretion, meetings are open to public observation.

Our relationship with CPA Canada

Chartered Professional Accountants of Canada (CPA Canada) provides funding, staff and other resources to support an independent standard-setting process.

CPA Canada and AASOC function at arm’s length from one another. As a result, we carry out our standard-setting operations in an independent manner.

Relationship with CPA Canada