Page 287 - Auditing Standards
P. 287
As of December 15, 2017
Actuarial assumptions in pension costs Fair values in nonmonetary exchanges
Interim period costs in interim reporting
Current values in personal financial
statements
Footnotes (AS 2501 - Auditing Accounting Estimates):
1 Additional examples of accounting estimates included in historical financial statements are presented in
paragraph .16.
2 AS 2815, The Meaning of "Present Fairly in Conformity with Generally Accepted Accounting Principles,"
discusses the auditor's responsibility for evaluating conformity with generally accepted accounting principles.
3 See paragraph .31 of AS 2810, Evaluating Audit Results.
4 In addition to other evidential matter about the estimate, in certain instances, the auditor may wish to obtain
written representation from management regarding the key factors and assumptions.
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