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Location: New York
The objective of the IAASB discussion at its July 2016 teleconference is to discuss the audit implications of external assistance in making an accounting estimate.
Review the meeting summary on the IAASB's Web site.
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.
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.