FRC opens Post Implementation Review of ISA (UK) 540

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07 Oct, 2022

The Financial Reporting Council (FRC) has opened a post implementation review (PIR) of the auditing standard (ISA) (UK) 540 (Revised December 2018) 'Auditing Accounting Estimates and Related Disclosures'.

ISA (UK) 540 ​(Revised December 2018) became effective for audits of accounting periods beginning on or after 15 December 2019.

The FRC is also hosting two roundtables to support the call for feedback on:

  • Wednesday 23 November 2022 14:00-15:00 (online)
  • Thursday 24 November 2022 11:00-12:00 (at the FRC offices)

The call for feedback is open until 13 January 2023.

For more information refer to the FRC website.

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