August 1, 2017

IAASB: Proposed ISA 540 Auditing Accounting Estimates and Related Disclosures

In this letter, the CAQ provides input to the International Auditing and Assurance Standards Board (IAASB) regarding its Proposed International Standard on Auditing 540 (Revised), Auditing Accounting Estimates and Related Disclosures. Expressing its broad support for the IAASB’s efforts, the CAQ provides a range of specific recommendations for changes to enhance the clarity of the proposed standard.