Auditing Standard ASA 540 Auditing Accounting Estimates and Related Disclosures
AUTHORITY STATEMENTAUTHORITY STATEMENT
Start here
Get a plain-English read of AUTHORITY STATEMENT
Turn the raw legal text into a practical explanation grounded in Auditing Standard ASA 540 Auditing Accounting Estimates and Related Disclosures.
AUTHORITY STATEMENT
Auditing Standard ASA 540 Auditing Accounting Estimates and Related Disclosures (as amended to 5 November 2021) is set out in paragraphs Aus 0.1 to A152 and Appendices 1 to 2.
This Auditing Standard is to be read in conjunction with ASA 101 Preamble to AUASB Standards, which sets out how AUASB Standards 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.