IAASB Support Materials – FAQs Regarding the Use of Technology in Performing Audit Procedures

Tuesday, September 1, 2020

This IAASB FAQ assists auditors in understanding whether a procedure involving automated tools and techniques may be both a risk assessment procedure and a further audit procedure.

It also provides specific considerations when using automated tools and techniques in performing substantive analytical procedures in accordance with International Standard on Auditing 520, Analytical Procedures (AUASB equivalent ASA 520 Analytical Procedures).

Other technology related IAASB publications:
• Audit Documentation when Using Automated Tools and Techniques
• ISA 315 – Automated Tools and Techniques FAQ

These publications do not establish or extend the requirements under an existing AUASB Standard(s).