AUASB Bulletin on The Consideration of Cyber Security Risks in an Audit of a Financial Report

The AUASB has released a new AUASB Bulletin on The Consideration of Cyber Security Risks in an Audit of a Financial Report. This Bulletin is designed to assist auditors consider the impact of cyber security on the audit of a financial report performed in accordance with Australian Auditing Standards.

Depending on the facts and circumstances of an entity, cyber security may contribute to the susceptibility to misstatement of certain amounts and disclosures in an entity’s financial report. This AUASB Bulletin has been developed with the input of the AUASB’s Technology Project Advisory Group to assist Auditors identify, assess and respond to cyber security related risks of material misstatement.