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1 August 2017 — Consultation Response

IAASB Proposes Modernisation of Financial Estimate Audits in Support of Audit Quality

  • Audit & Assurance
  • SMEs

Accountancy Europe comments on the IAASB’s proposal to modernise the financial estimate audits in support of audit quality.

We support the IAASB΄s decision to explore this topic. The revision of ISA 540 is essential to ensure the standard remains fit for purpose in light of today’s evolving and complex business environment.

Downloads

  • Accountancy Europe comment letter to the IAASB on the revision of ISA 540

  • Related: IAASB Exposure draft- Proposed ISA 540 Revised Auditing Accounting Estimates and Related-Disclosures

Related tags

  • Audit policy
  • Audit quality
  • IAASB

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