The Consultative Advisory Group (CAG) is an integral and important part of the IAESB's formal process of consultation. As of March 2010, the following organizations comprise the membership of the CAG:

• Accounting and Finance Association of Australia and New Zealand
• American Accounting Association
• Association to Advance Collegiate Schools of Business
• Confederation of Asian and Pacific Accountants
• European Accounting Association
• European Association of Accountants and Auditors for SMEs
• Fédération des Experts Comptables Européens
• International Accounting Standards Committee Foundation
• Professor from Fucape Business School - Brazil
• South African Independent Regulatory Board for Auditors
• South Asian Federation of Accountants
• U.K. Professional Oversight Board
• U.S. National Association of State Boards of Accountancy
• U.S. Public Company Accounting Oversight Board
• U.S. Agency for International Development