Revisions to audit standards- ISA 540 Accounting Estimates

The Financial Reporting Council is overhauling its suite of UK auditor standards as a result of a post-implementation review of its 2016 standards, changes to international requirements, and wider calls to strengthen requirements placed upon auditors.

In this session, we will provide a detailed analysis of revisions to the FRC’s Revised ISA (UK) 540 and the practical implications for firms of auditors and the entities they audit.