This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Audit and assurance alert: Exposure Draft on auditing accounting estimates and related disclosures

Published on: May 31, 2017

This alert raises awareness about the recent exposure draft (ED) issued by the Auditing and Assurance Standards Board (AASB) in May 2017, highlighting significant changes affecting the audit of all accounting estimates. The ED impacts all practitioners who audit accounting estimates, regardless of the degree of complexity. Practitioners are strongly encouraged to read this alert along with the ED to familiarize themselves with the proposed changes and to consider and provide feedback to the AASB on how these changes will be applied in practice. Comments are due to the AASB by July 7, 2017.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.