Consultative Advisory Group

The IAESB Consultative Advisory Group was an integral and important part of the IAESB's formal process of consultation. Representatives of CAG member organizations provided advice in numerous areas, including the IAESB's agenda, project timetable (work program), priorities, and technical advice on projects and other matters of relevance to the activities of the IAESB.

It was comprised of member organizations that are interested in the development and maintenance of high-quality education benchmarks to ensure the competence of the profession and designed to serve the public interest. To the extent practicable, membership included a balance of geographical representation and between regulators, international organizations, users and preparers.

The final CAG chair was Dr. Raymond Johnson, whose roles and responsibilities were approved by the Public Interest Oversight Board, which also oversaw the CAG's work.

The CAG met two or three times a year; meetings were open to the public with advance registration. Meeting agendas and background papers are available on the IAESB website.

  • Member Organizations, 2005-2019

    The Consultative Advisory Group was an integral and important part of the IAESB's formal process of consultation. The following organizations comprised the CAG's membership:

    • Accounting and Finance Association of Australia and New Zealand
    • American Accounting Association
    • Association to Advance Collegiate Schools of Business
    • Common Content Project
    • Confederation of Asian and Pacific Accountants
    • European Accounting Association
    • European Association of Accountants and Auditors for SMEs
    • International Accounting Standards Committee Foundation
    • Latin American Association of Business and Accounting Colleges and Universities
    • Public Accountants Council for the Province of Ontario
    • Fucape Business School - Brazil
    • South African Independent Regulatory Board for Auditors
    • South Asian Federation of Accountants
    • US National Association of State Boards of Accountancy
  • Observers, 2005-2019
    • US Public Company Accounting Oversight Board
  • Terms of Reference, 2005-2019
    Objective and Scope of Activities

    1. The objective of the IAESB Consultative Advisory Group (CAG) is to provide input to and assist the IAESB through consultation with the CAG member organizations (the Member Organizations) and their representatives (the Representatives) at the CAG meetings, in order to obtain:

    a. Advice on the IAESB’s agenda and project timetable (work program), including project priorities;

    b. Technical advice on projects; and

    c. Advice on other matters of relevance to the activities of the IAESB.


    2. The CAG Chair is an individual, elected by the CAG from amongst the Representatives, who shall perform the roles and assume the responsibilities from time to time specified by the CAG with the approval of the IAESB and the Public Interest Oversight Board (the PIOB).

    3. The CAG Chair is expected to attend IAESB meetings as an observer, or to appoint a Representative to attend. The CAG Chair, or appointed representative, has the privilege of the floor at IAESB meetings.

    4. The CAG Chair is entitled to attend meetings of the IAESB Steering Committee as an observer with privilege of the floor, or may appoint a Representative to attend with the same privilege.

    Public Interest Oversight

    5. The terms of reference of the CAG are approved by the PIOB. The PIOB also approves the CAG operating procedures for reappointing Member Organizations and for appointing or reappointing the CAG Chair. The PIOB may periodically review the terms of reference of the CAG and the aforementioned operating procedures.

    6. The PIOB approves the appointment of the CAG Chair.

    7. The CAG Membership Panel recommends the appointment of a proposed new Member Organization, and its nominated Representative(s), (see paragraph 13) to the PIOB for approval. The recommendation outlines the reasons why the CAG Membership Panel as described in paragraph 13 considers the proposed new Member Organization an important addition to the membership of the CAG. It also includes information about the nominated Representative(s). The PIOB has ongoing authority to identify any emerging public interest segments not already represented on the CAG and to bring these to the attention of the CAG Membership Panel for further consideration.

    8. When an existing Member Organization changes its Representative (see paragraph 18), the CAG Membership Panel notifies the PIOB of the change and provides the PIOB with information about the new Representative.

    9. The PIOB has the right to meet with any or all of the Representatives to discuss matters of interest to the PIOB. The CAG may bring to the attention of the PIOB matters which may be of interest to the PIOB. The PIOB also has the right to attend all meetings of the CAG, whether open, closed or private.1

    10. Minutes of the open and closed sessions of the CAG meetings are sent to the PIOB. Minutes of the private sessions of the CAG meetings, the content of which reflects the private nature of the discussions held at such sessions, are also sent to the PIOB.

    Composition and Membership

    11. Apart from the Chair, the CAG comprises Member Organizations that are interested in the development and maintenance of high-quality education benchmarks to ensure the competence of the profession, designed to serve the public interest. The membership should provide, to the extent practicable, a balance of geographical representation and between regulators, international organizations, users and preparers. Exceptionally, with the agreement of the CAG Chair, an individual might be appointed directly as a CAG member. The various rights and responsibilities ascribed to Member Organizations and their Representatives apply equally to such individual members.

    12. Nominations of member organizations and of their Representatives may be submitted by individuals and organizations. Representatives should be knowledgeable about accounting education and have a recognized interest therein.

    13. A panel comprising the CAG Chair, two Representatives selected by the Chair for this purpose, the IAESB Chair, and the IAESB Technical Manager (the CAG Membership Panel) considers the nominations to determine whether the organizations, and the Representatives nominated, are suitable for membership and to ensure a balanced geographical spread and functional backgrounds.

    14. Each Member Organization is represented at the CAG meetings by either one or two Representatives. This limitation can be relaxed by the CAG Chair, in consultation with the CAG Membership Panel, only in exceptional circumstances.

    Term of Office

    15. The Member Organizations are appointed for a renewable term of three years. 16. The CAG Chair is appointed as Chair for a term of three years, renewable once.

    16. Continuity of representation on the CAG is expected; however, Member Organizations, with the prior permission of the CAG Chair, may occasionally send other Representatives to a CAG meeting to be better able to contribute to discussions of the particular issues under review.

    17. Where necessary, a Member Organization may replace an existing Representative by another Representative. The suitability of the proposed new Representative is considered by the CAG Membership Panel.

    18. Representatives who do not attend, and Member Organizations that do not send their Representatives to, three consecutive meetings may be asked to stand down from the CAG.

    Operating Procedures

    20. To ensure the CAG operates efficiently and effectively, the following specific operating procedures are adopted.

    Meeting Details

    21. The CAG Chair assumes the chairmanship of any meeting of CAG at which he or she is present. In the absence of the CAG Chair, the CAG Chair will nominate a Representative to act as chair and, if no such deputy is appointed by the CAG Chair, the Representatives will appoint a deputy from amongst themselves. Such appointment of a deputy chair is valid only for the duration of the meeting in question.

    22. Generally, two CAG meetings are held each year, however, additional meetings may be convened at the discretion of the CAG Chair. The Representatives, and other meeting participants, are notified of meeting dates well in advance.

    23. The IAESB Chair, Deputy Chair and IAESB Technical Manager attend the CAG meetings, and IAESB staff provide administrative support for these meetings. All IAESB members have the right to attend and speak at CAG meetings, and the CAG Chair invites selected IAESB members to lead discussions at CAG meetings on IAESB projects for which they are responsible.

    24. The CAG Chair may arrange for a private session at a CAG meeting, to be attended by Representatives and members of the PIOB only.

    Meeting Agenda and Papers

    25. The CAG Chair, in appropriate consultation with the Representatives and the IAESB Chair and IAESB Technical Manager, and with reference to the IAESB agenda and project timetable, sets the agenda for a CAG meeting.

    26. A typical CAG meeting agenda includes discussions of:

    a. Emerging issues or practices, potential new projects, and the IAESB’s project timetable, including project priorities;

    b. Current IAESB projects at key stages of development; and

    c. Other matters of relevance to the activities of the IAESB identified by the Representatives.

    27. Written materials supporting CAG agenda items are ordinarily provided prior to each meeting, highlighting issues for consideration. If Representatives wish to take a proactive approach to issues to be discussed, then the relevant briefing papers will also be provided.

    Confidentiality Requirements

    28. Materials that have not yet been made available to the public, for example through publication on the IAESB’s website, should not be provided to third parties or used as a basis for comment to the media. It is acknowledged that the Representatives may need to discuss the materials with the constituencies they represent; however, they are expected to put in place arrangements that enable the distribution of confidential material to be confined to a small group.

    Travel and Accommodation Costs

    29. Member Organizations meet the travel and accommodation costs of their Representatives.


    30. The membership, terms of reference, including the operating procedures of the CAG, are published on the IFAC website. The membership and activities of the CAG are reported on in IFAC’s annual report.

    31. From 2006 the CAG meetings will be open to the public. When considered necessary, the CAG Chair will arrange closed sessions at which the public are not admitted to deal with administrative and similar matters.

    32. Members of the public can access the agenda papers, including minutes, of the open sessions of the CAG meetings on the IFAC website. Minutes of the open and closed sessions of the CAG meetings are made available to the members of the IAESB. Should minutes of the private sessions of the CAG meetings be prepared, they will be sent to the Representatives.


    [1] Open sessions of the CAG meetings are attended by the CAG Chair, Representatives of the CAG member organizations, member(s) of the PIOB, and relevant IAESB members and staff (including the IAESB Chair), and are open to other IAESB members and the public. The public is not allowed to attend closed sessions of the CAG meetings. Matters of a general administrative nature or with privacy implications may be dealt with in closed sessions of the CAG meeting. Matters discussed or to be discussed in an IAESB closed session that are also to be discussed with the CAG are discussed in the closed session of the CAG meeting. No decisions that would affect the content of CAG’s input to the Standards, Practice Statements and other pronouncements issued by the IAESB are made in the closed sessions of the CAG meetings. Private sessions of the CAG meetings are attended by the CAG Chair, Representatives of the CAG member organizations and member(s) of the PIOB only. The constraints on the topics of private sessions of the CAG meetings are the same as for the closed sessions of the CAG meetings.

  • Chair Roles & Responsibilities, 2005-2019

    The chair was selected by the IAESB Consultative Advisory Group and approved by the Public Interest Oversight Board. The chair acted in the public interest and reported to the PIOB.

    The CAG chair's role was especially important since the chair needed to achieve results while maintaining harmony in CAG discussions and following due process. The CAG chair fulfilled three interrelated roles:

    CAG Spokesperson and Representative

    The CAG chair acted as the primary representative of the worldwide user group of the IAESB’s output and enabled, encouraged, and promoted a deeper understanding by the IAESB of public needs and expectations. In addition the chair:

    • Actively promoted the identity, objectives and activities of the CAG in the media, public forums and other meetings with the PIOB, IFAC and IAESB stakeholders.
    • Encouraged and promoted the convergence of national and international standards.
    • Established and developed effective relationships with identified key stakeholders.
    • Represented the CAG in its annual report.
    Lead the CAG

    The CAG chair led the CAG in the conduct of its activities. The chair oversaw the achievement of the CAG’s goals and objectives and:

    • Provided leadership in the achievement of the objective of the CAG as set out its terms of reference.
    • Actively identified and evaluated the impact of emerging issues bearing on the profession in order to provide advice to the IAESB.
    • Governed the CAG meetings and ensure they are conducted properly. This responsibility includes, among others:
      • Approving the agenda;
      • Ensuring that the minutes are properly considered by the membership of the CAG and where necessary amended prior to distribution;
      • Encouraging and promoting open, candid discussions and debate;
      • Ensuring member organizations’ views are duly considered;
      • Effectively using time by prioritizing issues; and
      • Pro-actively leading debate on contentious matters being addressed by CAG.
      • Report, as appropriate, to the PIOB on IAESB progress and plans on a regular basis.

    The CAG chair was the key CAG representative and acted as the primary liaison with the PIOB, IFAC Board, and IAESB as well as identified key stakeholders, ensuring the views of all parties were appropriately represented and communicated. Thus the chair:

    • Established and developed effective relationships with key stakeholders, such as national standard setters, regulators, etc.
    • Actively participated in IAESB meetings.
    • Facilitated communication and liaison channels between the CAG and the PIOB, the IFAC Board and IAESB, ensuring that the views of each body are effectively communicated.
    Criteria for CAG Chair

    The following represents criteria CAG chair selection:

    • Integrity, objectivity and discipline.

    • Commitment to the IAESB mission and the public interest.
    • Effective leadership and strategic skills.
    • Effective facilitation and communication skills and ability to listen and consider the views of others.
    • Strong understanding of current and emerging issues.
    • Effective public-speaking skills.
    • Strong, established bonds with key constituents and stakeholders.
    • Effective networking and relationship building skills.
    • Effective negotiating skills.
    • Consultative and judicious decision-making.
  • Observer Guidelines, 2005-2019

    The full guidelines for observing IAESB meetings from 2005-2019 are available in the Meetings section.



View Past Meetings


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