ASA 540 - Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures - October 2009
Conformity with International Standards Conformity with International Standards on Auditing
Start here
Get a plain-English read of Conformity with International Standards
Turn the raw legal text into a practical explanation grounded in ASA 540 - Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures - October 2009.
Conformity with International Standards on Auditing
This Auditing Standard conforms with International Standard on Auditing ISA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).
Paragraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.
Compliance with this Auditing Standard enables compliance with ISA 540.