International Standard on Auditing (New Zealand) 540

Deals with the auditor’s responsibilities relating to accounting estimates and related disclosures in an audit of financial statements.

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Applicable for audits of financial statements for periods as indicated. Versions prior to the previous version can be found on the archive page.

• ISA (NZ) 540 (Revised) – Periods beginning on or after
  15 Dec 2022 (early adoption permitted)

  Date of issue: Nov 2018

  Date compiled: May 2022

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New version not yet mandatory

• ISA (NZ) 540 – Periods beginning on or after
  15 Dec 2026

  Date of issue: Feb 2026

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  Additional materials

  ISA (NZ) 540 (2026) marked up version

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  Explanation for decision made Reissued ISAs (NZ)

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Previous version

• ISA (NZ) 540 (Revised) – Periods beginning on or after 15 Dec 2021 (early adoption permitted)

  Date of issue: Nov 2018

  Date compiled: Jun 2021

  Download