IAASA has today issued a consultation paper seeking the view of stakeholders regarding IAASA’s proposal to issue a revised version of ISA (Ireland) 540 Auditing Accounting Estimates, Including Fair Values Accounting Estimates, and Related Disclosures, to reflect recent revisions to the international standards on auditing issued by the International Auditing and Assurance Standards Board (IAASB).
The consultation paper can be accessed here.
The accompanying Exposure Draft - Proposed ISA (Ireland) 540 (Revised August 2018) can be accessed here.
The changes proposed are in line with the changes that are proposed and currently under consultation by the Financial Reporting Council (FRC), which can be found here.
Stakeholders and interested parties are invited to provide responses by e-mail only to -[email protected]ie no later than 5:00pm, 21 September 2018.