ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures
Oct 03, 2018 | Handbooks, Standards, and Pronouncements
In Progress Translations: Arabic | Estonian | Finnish | Greek | Hungarian | Lithuanian | Portuguese | Slovak | Thai
The IAASB revised its standard on accounting estimates, ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures, to respond to the rapidly evolving business environment. The revision ensures that the standard continues to keep pace with the changing market and fosters a more independent and challenging skeptical mindset in auditors.
ISA 540 (Revised) becomes effective for financial statement audits for periods beginning on or after December 15, 2019.
Copyright © 2022 The International Federation of Accountants (IFAC). All rights reserved.
You must be signed in to the IFAC website in order to submit a comment. If you do not have an account, please register below. IFAC respects your privacy and will not send you unsolicited email or spam. You can subscribe to IFAC publications, change your subscription preferences, or manage your user profile at any time.