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Learn about changes to the auditor's responsibilities related to revised CAS 540, Auditing Accounting Estimates and Related Disclosures.
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CPA Canada has issued this Audit and Assurance Alert: CAS 540, Auditing Accounting Estimates and Related Disclosures to raise awareness about the impact to all auditors resulting from changes to current CAS 540, regardless of the size or type of entity whose financial statements are being audited. These revisions are effective for audits of financial statements for periods beginning on or after December 15, 2019.
The International Auditing and Assurance Standards Board (IAASB) has prepared an At a Glance, which provides an overview of changes made to ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures and related conforming and consequential amendments. Since there are no Canadian amendments, revised CAS 540 mirrors ISA 540 (Revised). This alert contains a link to the IAASB At A Glance, which includes such topics as:
May 22, 2019
Explore important emerging technologies in accounting, business and finance at this must-attend conference for senior leaders. Connect with peers, experts and pioneers on best-fit technology solutions for your clients or organization.
July 17, 2019
This webinar, part of CPA Canada's IFRS webinar series, provides you with the most recent updates on matters of interest to Canadian public companies, including key changes to Canadian securities legislation and IFRS standards.
This event has multiple dates and locations. See event details for more information.
Join this hackathon and challenge yourself to harness data and technology to disrupt traditional financial analysis. Gather with diverse and innovative professionals and students. Work in teams and win cash for creative ideas.