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ASA 260 - Communication with Those Charged with Governance - October 2009
Accounting EstimatesAccounting Estimates
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Accounting Estimates
- For items for which estimates are significant, issues discussed in ASA 540,[13] including, for example:
- Management’s identification of accounting estimates.
- Management’s process for making accounting estimates.
- Risks of material misstatement.
- Indicators of possible management bias.
- Disclosure of estimation uncertainty in the financial report.