Auditing Accounting Estimates - AASB

Date recorded:

At its meeting on April 11, 2017, the AASB unanimously approved an exposure draft of revisions to CAS 540, Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures. The exposure draft is based on the IAASB’s exposure draft of proposed changes to ISA 540, and proposes no Canadian amendments. The exposure draft is expected to be issued in early May 2017, with a comment deadline of July 7, 2017.

Review the executive summary on the AASB's Web site.

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