Auditing accounting estimates that give rise to significant risks
Posted by mostafa on 4 July, 2019
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This item was filled under Accounting
When performing an audit of accounting estimates under ISA 540 (Revised) Auditing accounting estimates and related disclosures, an auditor will need to use their own judgement to determine whether any risks of material misstatement identified or assessed in relation to accounting estimates give rise to a significant risk.