Consultation response

1 August 2017

IAASB Proposes Modernisation of Financial Estimate Audits in Support of Audit Quality

Accountancy Europe comments on the IAASB’s proposal to modernise the financial estimate audits in support of audit quality.

We support the IAASB΄s decision to explore this topic. The revision of ISA 540 is essential to ensure the standard remains fit for purpose in light of today’s evolving and complex business environment.

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