Auditing Accounting Estimates - AASB
Date recorded:
At its meeting on February 9, 2017, the AASB discussed issues related to an upcoming Canadian exposure draft of CAS 540, including: (i) the anticipated length of the comment period; (ii) how the exposure draft could be distributed; (iii) whether there are issues specific to Canada that should be addressed; and (iv) what, if any, specific questions should be asked of Canadian stakeholders. The IAASB is expected to approve its exposure draft in March 2017. The AASB will approve its exposure draft in April 2017.
Review the executive summary on the AASB's Web site.
