ISA (NZ) 540
Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
This Standard deals with the auditor’s responsibilities relating to accounting estimates, including fair value accounting estimates, and related disclosures in an audit of financial statements.
Effective for audits of financial statements for periods as indicated. Also applies to subsequent annual reporting periods until that standard is superseded by a new/amended/revised standard.