Technical updates September 2019
Our roundup of regulatory news.
The first two documents highlight aspects of the new standard and enhancements made to integrate the Board’s risk assessment requirements when auditing accounting estimates, including fair value measurements (AS 2501, Auditing Accounting Estimates, Including Fair Value Measurements). The other two documents highlight aspects of new requirements that apply when auditors use the work of specialists in an audit and when an auditor uses the work of a company specialist as audit evidence (Appendix C to AS 1201, Supervision of the Audit Engagement (when using the work of an auditor-employed specialist), AS 1210, Using the Work of an Auditor-Engaged Specialist) and Appendix A to AS 1105, Audit Evidence).
The proposed new Standard is intended to augment existing guidance in IPSAS 41, Financial Instruments, and improve that Standard’s requirements by introducing guidance on:
Continue reading
This content is not freely available. To access 'Technical updates September 2019' you need to be one of the following:
-
ACA student
-
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
-
Audit and Assurance Faculty
-
Stay ahead of the curve with our expert guidance, trusted technical resources and practical insights.
-
Business and Finance Professional
-
An internationally recognised designation and professional status from the ICAEW.
-
ICAEW member
-
Gain access to world-leading information resources, guidance and local networks. 98% of the best global brands rely on ICAEW chartered accountants.