CAS 540 (Revised): Auditing Accounting Estimates and Related Disclosures
Requires a risk-based approach to auditing estimates, with explicit assessment of inherent risk factors (estimation uncertainty, complexity, subjectivity, management bias) and procedures responsive to those factors.
Pourquoi CAS 540 (Revised) est important
Expected credit losses (IFRS 9), impairment (IAS 36), share-based payments (IFRS 2), and fair-value measurements (IFRS 13) all sit here. Estimate audits are the highest-judgment work in any engagement and the most-inspected by CPAB.
Référentiel: Canadian Auditing Standards (CAS)
CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Source principale: FRAS Canada
Questions fréquentes
Qu'est-ce que CAS 540 (Revised) ?
Requires a risk-based approach to auditing estimates, with explicit assessment of inherent risk factors (estimation uncertainty, complexity, subjectivity, management bias) and procedures responsive to those factors.
Pourquoi CAS 540 (Revised) est-il important pour un audit ?
Expected credit losses (IFRS 9), impairment (IAS 36), share-based payments (IFRS 2), and fair-value measurements (IFRS 13) all sit here. Estimate audits are the highest-judgment work in any engagement and the most-inspected by CPAB.
À quel référentiel appartient CAS 540 (Revised) ?
CAS 540 (Revised) relève de : Canadian Auditing Standards (CAS). CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Normes connexes — Canadian Auditing Standards (CAS)
- CAS 200 — Overall Objectives of the Independent Auditor
- CAS 210 — Agreeing the Terms of Audit Engagements
- CAS 220 — Quality Management for an Audit of Financial Statements
- CAS 230 — Audit Documentation
- CAS 240 — The Auditor's Responsibilities Relating to Fraud
- CAS 250 — Consideration of Laws and Regulations
Voyez comment Auditus vérifie CAS 540 (Revised)
Auditus.ai exécute des mandats PCAOB, ISA et NCA de bout en bout et cite la norme exacte derrière chaque constatation, y compris CAS 540 (Revised).