Book Publish Date
30-Sep-2019
This edition includes
• ISA 250 (Revised), Consideration of Laws and Regulations in an Audit of Financial Statements.
These changes were included, together with related conforming amendments. The conforming changes have been made, as well as cross-referencing and other related changes, throughout the handbook for these revisions.
• ISA 540 (Revised) , Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures. These amendments address an enhanced risk assessment process, a closer link to methods, data and assumptions in making accounting estimates, scalability considerations and an emphasis on the importance of professional skepticism.
ISA 540 (Revised) becomes effective for audits of financial statements for periods beginning on or after December 15, 2019.