CTHRepealedLegislation
ASA 540 - Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures - October 2009
ObjectiveObjective
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Objective
- The objective of the auditor is to obtain sufficient appropriate audit evidence about whether:
- accounting estimates, including fair value accounting estimates, in the financial report, whether recognised or disclosed, are reasonable; and
- related disclosures in the financial report are adequate,
in the context of the applicable financial reporting framework.