Member: Auditing and Assurance Standards Board

Are you interested in driving auditing, other assurance and related services standard-setting in Canada? This volunteer opportunity could be for you!

Posting date:

January 20, 2016

Group description

The Auditing and Assurance Standards Oversight Council (AASOC) is looking for candidates for the Auditing and Assurance Standards Board (AASB). The AASB establishes standards for assurance and related services engagements. The board also contributes to the development of International Standards on Auditing (ISA), which it adopts as Canadian Auditing Standards (CAS), by participating in consultations and activities of the International Auditing and Assurance Standards Board (IAASB) to ensure Canadian entities’ auditing needs are considered.   

Requirements

Over the next three years, the AASB will be considering standards and guidance in a number of areas including:

  • quality control
  • group audits
  • financial institutions
  • data analytics
  • integrated reporting
  • agreed-upon procedures
  • public sector auditing
  • compilation engagements
  • audits of future-oriented financial information
  • reports on the application of accounting principles

Expertise in the following areas would be valuable:

  • specialist IT audit
  • use of data analytics
  • audits of financial institutions
  • agreed-upon procedures
  • compilation engagements
  • audits of future-oriented financial information

You could be interested in this position if you have experience with audit or assurance issues and have knowledge of the areas considered by the AASB. You may also be interested if you work in industry in one of the areas noted above. You may be a preparer of financial information, an auditor, a practitioner in public practice or a user of financial information (including regulator).

The Auditing and Assurance Standards Oversight Council (AASOC) is looking for candidates who possess attributes that include the following:

  • a strong public interest perspective
  • seniority and credibility to be recognized as a “voice” in Canada and, as needed, internationally
  • sufficient time and scheduling flexibility
  • knowledge in a specialized sector, although members are chiefly sought to bring broad perspectives
  • the ability to work collaboratively to reach a consensus in order to develop high quality standards

AASOC also considers the professional composition and geographical and gender balance of the AASB. Members will be selected so that the AASB membership reflects a broad cross-section of those affected by the auditing and assurance standards.

Members of the AASB are not required to hold a professional accounting designation. 

Commitment

This demanding but rewarding volunteer role involves a time commitment of approximately 250 hours per year, including preparation and meeting time. The AASB normally meets in person in Toronto five times and holds two to four conference calls annually.

The appointments would take effect April 1, 2016 for a three-year term, with a possible renewal term.

The positions are unpaid. Travel and other relevant costs are reimbursed in accordance with Chartered Professional Accountants of Canada (CPA Canada)’s travel policies.

The working language of the AASB is English.

The AASB:

  • establishes standards for assurance and related services engagements in Canada
  • contributes to the development of:
    • International Standards on Quality Control
    • International Standards on Auditing
    • International Standards on Assurance Engagements
    • International Standards on Review Engagements
    • International Standards on Related Services 

How to Apply

Please send an email to Eric Turner, CPA, CA, with your resume.

We thank you for your interest however only those selected for follow-up will be contacted. We will keep your resume on file for any future volunteer possibilities.

Highlights

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