Amendments to ASA 580

Amendments to ASA 580

Amendments to ASA 580 Appendix 1

1. The fifth point is amended to read as follows:

 ASA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures – paragraph 2237

Amendments to ASA 580 Appendix 2

1. The second point following the heading Financial Report of the Illustrative Representation Letter is amended to read as follows:

 Significant The methods, the data, and the significant assumptions used by us in making accounting estimates, including those measured at fair value, and their related disclosures are appropriate to achieve recognition, measurement or disclosure that is reasonable in the context of the applicable financial reporting framework. (ASA 540)