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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:
September 23, 2019
Canada’s dynamic, must-attend CPA event of the year is heading to Montréal with the theme of innovation for sustainability.
October 28, 2019
If you’re a senior financial professional in the public sector or work for a not-for-profit that follows PSAB standards, this annual event in the nation’s capital is the place to be.
November 7, 2019
Join CPA Canada’s Financial Literacy Program in Ottawa, our nation’s capital, as we look at the trends changing the economic landscape and how they will affect how Canadians manage their money.