Auditing Accounting Estimates - IAASB
Date recorded:
At its teleconference call on November 1, 2016, the IAASB discussed the work effort for accounting estimates, including: (i) considerations relative to the use of the word “reasonable”; (ii) the threshold for when further specific procedures are required; (iii) Requirements for accounting estimates that give rise to significant risks; and (iv) the updated requirements related to disclosures.
Review the meeting summary on the IAASB's Web site.
