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AASB Exposure Draft – Auditing Accounting Estimates and Related Disclosures

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May 09, 2017

On May 9, 2017, the Auditing and Assurance Standards Board (AASB) issued an Exposure Draft that proposes to adopt, with appropriate Canadian amendments if any, proposed amendments to ISA 540, and other conforming amendments. Stakeholders are encouraged to submit their comments by July 7, 2017.

This Exposure Draft consists of:

  • proposed changes;
  • a link to the IAASB’s Exposure Draft, including its Explanatory Memorandum;
  • a description of the AASB’s process for adopting ISAs;
  • a discussion of proposed significant Canadian amendments;
  • a proposed effective date; and
  • key changes to CAS 540 proposed in the Exposure Draft

Review the exposure draft on the AASB's Website.

Correction list for hyphenation

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