Having trouble viewing this email? View the online version here.
 

IAASB 

Facebook Twitter LinkedIn YouTube

NEWS ALERT
IAASB ISSUES NEW SUPPORT FOR ASSESSING RISKS OF MATERIAL MISSTATEMENT WHEN USING AUTOMATED TOOLS AND TECHNIQUES

(New York, New York, November 18, 2020)

The International Auditing and Assurance Standards Board (IAASB) Technology Working Group today released a new non-authoritative frequently asked questions publication on using automated tools and techniques in identifying and assessing risks of material misstatements in accordance with International Standard on Auditing 315 (Revised 2019), Identifying and Assessing Risks of Material Misstatement

The publication assists auditors to understand the types of automated tools and techniques that can be used, and how they can be used, in performing risk assessment procedures. It also addresses considerations regarding the entity’s use of machine learning or artificial intelligence when performing risk assessment procedures.

This publication does not amend or override the International Standards on Auditing (ISAs), the texts of which alone are authoritative. Reading the publication is not a substitute for reading the ISAs.

Contact:
Jennifer DiClerico
Head of Communications
+1-212-286-9344
jenniferdiclerico@ifac.org

 
Prepared by IFAC's Communications Department. Contact communications@ifac.org for further information.
Unsubscribe *|EMAIL|* from all IFAC emails | Manage IFAC subscriptions

Code for Mailchimp