Auditing Accounting Estimates - IAASB
Date recorded:
At its teleconference call on July 26, 2016, the IAASB discussed the audit implications of external assistance in making an accounting estimate, including: (i) scope; (ii) the difference between a management’s expert and an external data source; (iii) work effort over data from external data sources; (iv) management’s use of external models; and (v) auditor’s use of an expert.
Review the meeting summary on the IAASB's Web site.