Single format · FV03-C17

Estimate evaluation working paper

For every significant estimate, choose one of the responses in SA 540 and say in the file which one you chose and why, because an estimates file that only records what management did, without recording what the auditor did about it, is the finding NFRA writes up most often.

Length
3 pages
Blanks to fill
67
Files
Word and PDF
Law stated to
13 September 2026

What it covers

  1. 1Estimate evaluation working paperSA 54067 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

Client: [Company name] · Year ended: 31 March 2026
Estimate: [e.g. expected credit loss on trade receivables] · WP ref: [index]
Prepared by: [Prepared by (name and date)] · Reviewed by: [Reviewed by (name and date)] · EQCR (where applicable): [EQCR reviewer (name and date)]

1 · The estimate

Financial statement line and note reference

[ ]

Carrying amount at 31 March 2026 / at 31 March 2025

[Rs ] / [Rs ]

Applicable framework requirement

[Ind AS / AS reference and the measurement basis it requires]

Who within the entity made the estimate, and who reviewed it

[name and role]

Method used by management, and whether changed from the prior year

[ ]

Degree of estimation uncertainty — low / moderate / high, with reason

[ ]

Assessed as a significant risk? If yes, why

[Yes / No — reason]

Performance materiality, and materiality applied to this estimate

[Rs ]

2 · Retrospective review of the prior period estimate

21 more paragraphs and tables follow in the full format.

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