EFAA Response

EFAA Response to the IAASB Exposure Draft (ED), International Standard on Auditing 540 (Revised), Auditing Accounting Estimates and Related Disclosures

EFAA commends the IAASB on the proposed International Standard on Auditing 540 (Revised), Auditing Accounting Estimates and Related Disclosures ('ED - 540E) . We are pleased to provide our comments below, both 'General Observations' as well as 'Specific Comments' on the questions posed in the ED that have relevance to EFAA’s constituency. Our comments have been compiled by EFAA’s Assurance Expert Group.