Enhancement of Learning Outcomes from ICT, Professional Skepticism and PAIB Perspectives
The IAESB is developing an exposure draft that revises the learning outcomes from four existing International Education Standards. IAESB Deputy Chair Anne-Marie Vitale explains what content and timing to expect.
The IAASB revised its standard on accounting estimates, ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures, to respond to the rapidly evolving business environment. The revision ensures that the standard continues to keep pace with the changing market and fosters a more independent and challenging skeptical mindset in auditors.
ISA 540 (Revised) becomes effective for financial statement audits for periods beginning on or after December 15, 2019.