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ASA 540 - Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures - October 2009
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- The auditor shall include in the audit documentation:[8]
- The basis for the auditor’s conclusions about the reasonableness of accounting estimates and their disclosure that give rise to significant risks; and
- Indicators of possible management bias, if any (Ref: Para. A128).
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