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Auditing estimates: ISA 540 (Revised)

Applicable standards: ISA 540 (Revised) Auditing accounting estimates and related disclosures and ISA (UK) 540 (Revised December 2018) Auditing accounting estimates and related disclosures.

International Standard on Auditing (ISA) 540 (Revised) Auditing accounting estimates and related disclosures was published in October 2018 and the FRC in the UK followed suit, with ISA (UK) 540 (Revised December 2018).

ISA 540 (Revised) is applicable for audits of accounting periods beginning on or after 15 December 2019.