ASA 540 - Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures - October 2009
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Table of Amendments
| Paragraph affected | How affected | By … [paragraph] |
|---|---|---|
| A87 | Amended | ASA 2011-1 [37] |
| Conformity Paragraph | Amended | ASA 2011-1 [38] |
| 23 | Amended | ASA 2015-1 [151] |
| Aus 23.1 | Deleted | ASA 2015-1 [152] |
| Aus A7.1 | Deleted | ASA 2015-1 [153] |
| A114 | Amended | ASA 2015-1 [154] |
| Aus A124.1 | Deleted | ASA 2015-1 [155] |
| Conformity Statement | Amended | ASA 2015-1 [156] |
| Paragraph A19 | Amended | ASA 2015-1 [150] |
AUTHORITY STATEMENT
Auditing Standard ASA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures (as amended to 1 December 2015) is set out in paragraphs Aus 0.1 to A128 and Appendix 1.
This Auditing Standard is to be read in conjunction with ASA 101 Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for financial reporting periods commencing on or after 1 January 2010, are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.
Dated: 1 December 2015
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.