APB issues 2 public comments

The Auditing Practices Board (APB) today issued for public comment two proposed revised International Standards on Auditing (UK and Ireland):

ISA (UK and Ireland) 320 (Revised) “Materiality in the Identification and Evaluation of Misstatements”;

ISA (UK and Ireland) 540 (Revised) “Auditing Accounting Estimates and Related Disclosures (Other Than Those Involving Fair Value Measurements and Disclosures)”.

See Press Notices and links to documents.