The International Standard on Auditing (ISA) 540 (Revised) Implementation Working Group has prepared illustrative examples for auditing simple and complex accounting estimates. The attached examples are designed to illustrate how an auditor could address certain requirements of ISA 540 (Revised), and have been developed to assist the auditor in understanding how ISA 540 (Revised) may be applied to:
The webinar will be held on June 10, 2020 from 7am – 8.30am EDT
In this 90-minute webinar Lyn Provost, IAASB Member and Chair of the EER Task Force, will explain:
what is meant by Extended External Reporting (EER)
how EER Assurance engagements provide protection for the public interest
how the IAASB’s proposed EER Assurance Guidance seeks to serve the public interest by:
providing practical guidance on particular challenges practitioners face in performing EER assurance engagements,
promoting consistent high-quality application of ISAE 3000 (Revised) to these engagements, and
enhancing trust in assurance reports and engendering greater user confidence and trust in the reliability of EER reports.
Time will be provided during this webinar to answer questions. The webinar is open to preparers and users (including investors) of EER reports, as well as to assurance practitioners and regulators.
Webinar will cover the previously released Public Consultation on Proposed Guidance: EER Assurance.
