Auditing Accounting Estimates - IAASB
Date recorded:
At its meeting on September 19-23, 2016, the IAASB (a) was informed about the ISA 540 Task Force’s activities since the July 2016 teleconference call; and (b) provided its views to the Task Force on (i) an issues paper on revisions to ISA 540 and (ii) a draft of proposed amendments to ISA 540. In particular, definitions, risk assessment, work effort and documentation issues were discussed.
Review the summary on the IAASB's Web site.