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Auditing estimates and related disclosures

ISA 540 (Revised) Auditing accounting estimates and related disclosures is effective for audits of financial statements for periods beginning on or after 15 December 2019.

The revised standard is relevant for all estimates in all audits and introduces a number of key enhancements that auditors will need to get to grips with, such as a greater focus on risk assessment, more targeted work to respond to assessed risk, more documentation and additional emphasis on scepticism.


Join John Selwood and Gill Spaul to find out more about the changes and to help you prepare for implementation.


The webinar will cover:

  • the key enhancements introduced by ISA 540 (Revised);
  • practical implementation challenges and examples; and
  • specific areas of focus for auditors when auditing estimates.

First broadcast 10 July 2019