Audit and Assurance Alert: CAS 540, Auditing Accounting Estimates and Related Disclosures

CPA Canada has issued this Audit and Assurance Alert to raise awareness about the impact to all auditors resulting from changes to current CAS 540, regardless of the size or type of entity whose financial statements are being audited. These revisions are effective for audits of financial statements for periods beginning on or after December 15, 2019. 

Audit and Assurance Alert: CAS 540, Auditing Accounting Estimates and Related Disclosures