Post-Implementation Review of ISA 540 (Revised) Survey
The IAASB invites stakeholders worldwide to participate in its public consultation survey as part of its post-implementation review of International Standard on Auditing (ISA) 540 (Revised), Auditing Accounting Estimates and Related Disclosures.
ISA 540 (Revised) established more robust requirements and appropriately detailed guidance to foster audit quality by driving auditors to perform appropriate procedures in relation to accounting estimates and related disclosures. The standard was effective for audits of financial statements for periods beginning on or after December 15, 2019.
This survey seeks input from a broad range of stakeholders and includes questions tailored to differing perspectives and experiences of various stakeholder groups.
The survey focuses on three principal areas:
- Overall views on ISA 540 (Revised), including related to non-authoritative guidance and tools that were issued to support implementation of the standard;
- Perceived benefits resulting from implementation of the revised standard; and
- Potential issues, challenges, or impacts experienced or observed relating to ISA 540 (Revised).
Stakeholders may respond to all questions or only those most relevant to their perspectives. All responses will form part of the public record.
The survey is open until June 15, 2026.
Click here to complete the survey online.
Submitted Comment Letters
-
Abdullah Aldhahri (Practitioner) (169.43 KB)(Saudi Arabia)
-
Accountancy Europe (AE) (919.14 KB)(Belgium)
-
ADCB (151.14 KB)(Saudi Arabia)
-
Ahmed Alfaraj (153.07 KB)(Saudi Arabia)
-
AJIL Financial Services Company (153.66 KB)(Saudi Arabia)
-
Alinma Bank (153.54 KB)(Saudi Arabia)
-
Alzoman, Alfahad & Alhajjaj Professional Services (154.09 KB)(Saudi Arabia)
-
Arab National Bank (154.02 KB)(Saudi Arabia)
-
ASK KSA Consulting Inc. (157.55 KB)(United States of America)
-
Association of Chartered Certified Accountants (ACCA) (207.36 KB)(- International)
-
Auditing and Assurance Standards Board of Canada (AASB) (639.62 KB)(Canada)
-
Australian Auditing and Assurance Standards Board (AuASB) (169.72 KB)(Australia)
-
Baker Tilly International (BKTI) (186.59 KB)(- International)
-
Bank Aljazira (154.51 KB)(Saudi Arabia)
-
BDO International Limited (BDO) (214.35 KB)(- International)
-
BKR ISIK Consulting (International Auditor Company) (151.75 KB)(- International)
-
Botswana Accountancy Oversight Authority (BAOA) (188.06 KB)(Botswana)
-
BSF (156.71 KB)(Saudi Arabia)
-
Canadian Public Accountability Board (CPAB) (270.66 KB)(Canada)
-
Chamber of Auditors of Azerbaijan Republic (156.1 KB)(Azerbaijan)
-
Chamber of Auditors of the Czech Republic (157.45 KB)(Czech Republic)
-
Chartered Accountants Australia and New Zealand (CAANZ) (179.72 KB)(- International)
-
Chartered Accountants Ireland (CAI) (504.31 KB)(Ireland)
-
CPA Australia (198.38 KB)(Australia)
-
Credicorp Ltd (153.3 KB)(France)
-
Credit (154.08 KB)(Saudi Arabia)