Please choose between the following three options for navigation.
Learn about changes to the auditor's responsibilities related to revised CAS 540, Auditing Accounting Estimates and Related Disclosures.
Get your downloadable electronic copy.
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:
Visit our website on March 19 for complete coverage of the 2019 federal budget. We'll have tax highlights, an insightful federal budget analysis piece as well as video interviews with our experts.
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.
September 23, 2019
Canada’s dynamic, must-attend CPA event of the year is heading to Montréal with the theme of innovation for sustainability.