Citizens across G20 countries are concerned about transparency, complexity and inequity in tax systems. However, they are also aware of the international tax landscape and understand the need for trade-offs in tax policy. In tackling these issues, people say they trust and want to hear more from experts and professionals, but have grown skeptical of politicians and the media.

Listen to Rich Sharko, IAASB Board member and the Chair of the ISA 540 (Revised) Implementation Working Group, as he explains the public interest issues addressed by International Standard on Auditing 540 (Revised), Auditing Accounting Estimates and Related Disclosures. This 10 minute presentation also contains useful information to help stakeholders understand the changes to the standard and the planned activities of the ISA 540 (Revised) Implementation Working Group.

These slide decks have been prepared by the IAASB’s ISA 540 (Revised) Implementation Working Group to assist IAASB members, national standard setters, auditors, regulators and others to promote awareness of