Auditing Accounting Estimates - AASB
Date recorded:
At its meeting on October 16-18, 2017, the AASB discussed the following key issues:
- whether the threshold of low inherent risk should be removed;
- emphasizing the spectrum of risk to demonstrate scalability;
- providing some examples to demonstrate scalability; and
- the proposed testing strategies and requirements related to control testing and work effort.
Review the executive summary on the AASB's Web site.
