To support auditors in addressing challenges of auditing accounting estimates when implementing the revised ISA 540 Auditing Accounting Estimates and Related Disclosures, the Institute of Chartered Accountants in England and Wales (ICAEW) has produced a series of webcasts that use practical illustrations to consider key issues in common audit areas. The first webcast of the series tackles an often-overlooked area of accounting estimates – fixed assets and depreciation. ICAEW has also set up a new resource hub on articles, helpsheets and other practical resources and tools to support the implementation of ISA 540 (Revised) that may be of interest to members. Interested members can also subscribe to ICAEW’s International Standards platform for free gain access to a wide range of resources on auditing and ethics. |