Proposed International Standard on Auditing 540 (Revised), Auditing Accounting Estimates and Related Disclosures
Exposure Draft
IAASB
| Exposure Drafts and Consultation Papers
English
Comments due by:
This proposed standard:
- enhances requirements for risk assessment procedures to include specific factors related to accounting estimates, namely complexity, judgment, and estimation uncertainty;
- sets a more detailed expectation for the auditor’s response to identified risks related to accounting estimates, including augmenting the auditor’s application of professional skepticism; and
- is scalable regardless of the size or sector of the business or audit firm.
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Submitted Comment Letters
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Cygnus Atratus (2.39 MB)(Netherlands)
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Provincial Auditor Saskatchewan (206.55 KB)(Canada)
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Australian Institute of Company Directors (105.12 KB)()
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International Association of Insurance Supervisors (267.13 KB)()
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Financial Reporting Council (995 KB)()
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European Banking Authority (EBA) (192.16 KB)()
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Association of National Accountants of Nigeria - ANAN (209.53 KB)(Nigeria)
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SRA (97.92 KB)()
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U.S. Government Accountability Office (131.74 KB)(United States of America)
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Brigham Young University and the University of Missouri (285.62 KB)()
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European Securities and Markets Authority (ESMA) (361.8 KB)()
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Compagnie Nationale des Commissaires aux Comptes and the Conseil Superieur de I’Ordre des Experts-Comptables (298.98 KB)()
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Institut der Wirtschaftspruefer (112.75 KB)()
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Chartered Accountants Australia and New Zealand and the Association of Chartered Certified Accountants (231.75 KB)()
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Insititute of Registered Auditors (IBR-IRE) (351.33 KB)(Belgium)
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Financial Audit and Accounting Subcommittee of INTOSAI (392.3 KB)()
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Australasian Council of Auditors General (3.41 MB)()
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Office of the Auditor-General (New Zealand) (628.33 KB)(New Zealand)
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South African Institute of Chartered Accountants (SAICA) (515.93 KB)(South Africa)
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ICAS (133.89 KB)(United Kingdom)
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Basel Committee on Banking Supervision (251.7 KB)()
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FEDERACION ARGENTINA DE CONSEJOS PROFESIONALES DE CIENCIAS ECONOMICAS (272.32 KB)(Argentina)
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THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA) (981.53 KB)(Ghana)
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Institute of Chartered Accountants in England and Wales (ICAEW) (529.07 KB)()
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Wayne Morgan (68.25 KB)()
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The American Institute of Certified Public Accountants (401.19 KB)(United States of America)
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European Federation of Accountants and Auditors for SMEs (517.08 KB)()
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Asociación Interamericana de Contabilidad (AIC) (353.95 KB)()
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External Reporting Board (352.25 KB)()
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Hong Kong Institute of Certified Public Accountants (169.18 KB)()
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Malaysian Institute of Accountants (1.3 MB)(Malaysia)
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Australian Auditing and Assurance Standards Board (194.26 KB)()
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KICPA (120.08 KB)(Korea)
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ISCA (838.75 KB)(Singapore)
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RSM International Limited (371.26 KB)()
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Independent Regulatory Board for Auditors (IRBA) (734.24 KB)()
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Grant Thornton International Ltd (437.25 KB)()
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VISHNU DUTT MANTRI (1.13 MB)(India)
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Accountancy Europe (156.51 KB)()
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Institute of Chartered Accountants of Zimbabwe (662.2 KB)(Zimbabwe)
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BDO (414.14 KB)(United Kingdom)
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PricewaterhouseCoopers International Limited (233.51 KB)()
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Center for Audit Quality (777.93 KB)(United States of America)
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Stuart Barr, Office of the Auditor General of Canada (332.81 KB)(Canada)
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American Bankers Association (510.07 KB)(United States of America)
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Auditing and Assurance Standards Board (AASB) (258.82 KB)(Canada)
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KPMG IFRG Limited (360.01 KB)()
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DTTL (452.52 KB)(United States of America)
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PKF International Limited (635.26 KB)()
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CIPFA (129.07 KB)(United Kingdom)