Auditing accounting estimates in an ISA audit (updated August 2019)
Posted by mostafa on 4 August, 2021
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This item was filled under Accounting
Accounting estimates are increasingly common in financial statements and, by their very nature, can be challenging for auditors to audit. This guide looks at the key requirements in ISA 540 (Revised) Auditing accounting estimates and related disclosures and deals with some of the potential challenges.