The nature of the accounting estimates and related disclosures that the auditor expects to be included in the financial report (Ref: Para.  13(d) …

Obtaining an understanding of the nature of accounting estimates and related disclosures that the auditor expects to be included in the entity’s financial report assists the auditor in understanding the measurement basis of such accounting estimates and …

The Entity’s Internal Control Relevant to the Audit The nature and extent of oversight and governance (Ref: Para.  13(e) ) …

In applying ASA 315, [31] the auditor’s understanding of the nature and extent of oversight and governance that the entity has in place over management’s process for making accounting estimates may be important to the auditor’s required evaluation as it …

The auditor may obtain an understanding of whether those charged with governance: Have the skills or knowledge to understand the characteristics of a particular method or model to make accounting estimates, or the risks related to the accounting estimate, …

Obtaining an understanding of the oversight by those charged with governance may be important when there are accounting estimates that: Require significant judgement by management to address subjectivity; Have high estimation uncertainty; Are complex to …

Management’s application of specialised skills or knowledge, including the use of management’s experts (Ref: Para.  13(f) ) …

The auditor may consider whether the following circumstances increase the likelihood that management needs to engage an expert: [32] The specialised nature of the matter requiring estimation, for example, the accounting estimate may involve measurement of …