The IAESB Consultative Advisory Group (CAG) is an integral and important part of the IAESB's formal process of consultation. Representatives of CAG member organizations provide advice on 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 is 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 includes a balance of geographical representation and between regulators, international organizations, users and preparers. The IAESB CAG is chaired by Dr. Aileen Pierce, a highly experienced leader in the academic and accounting communities. The roles and responsibilities of the CAG Chair are approved by the PIOB.

The CAG meets two or three times a year, and meetings are open to the public with advance registration. Meeting agendas and background papers are available on the website prior to the meeting date.

The IAESB CAG's objective and scope of activities, membership and composition, and operating procedures are set out in its Terms of Reference. The Public Interest Oversight Board (PIOB) oversees the work of the CAG.