New webcast on ISA 540 (revised) released
The International Auditing and Assurance Standards Board (IAASB) published a revised version of ISA 540 Auditing Accounting Estimates and Related Disclosures back in October 2018, effective for periods commencing on or after 15 December 2019.
Recently, the IAASB has published a short (10 minute) webcast, presented by IAASB Board Member Rich Sharko, that explains the public interest issues addressed by the revised Standard. The webcast also explains some of the changes to the Standard and the planned future activities of the ISA 540 (Revised) Implementation Working Group.
The webcast can be viewed here.