Guidance addresses critical need for timely support for the use of AI in audit and assurance
The International Auditing and Assurance Standards Board (IAASB) today published the first installment of its four-part guide series, Applying the IAASB’s Quality Management Standards to AI-Enabled Technological Tools. This series responds to a global call to drive consistency and quality for the use of AI-enabled technological tools in audit and other assurance engagements.
Building off the IAASB’s existing quality management (QM) standards, the guide series benefits from the expertise of industry leaders and top global regulatory authorities who serve on the IAASB’s Technology Quality Management Expert Group. Today’s publication includes an Introduction to the Guide Series and Guide 1: Common Conceptual Foundation. Guide 1 explains what an AI-enabled technological tool is and its life cycle, firm- and engagement-level quality management responsibilities, and the risk assessment considerations that help firms identify and assess quality risks.
A Four-Part Series, Published in Stages
The IAASB is publishing the series in stages to respond to stakeholders' need for timely, practical guidance. This initial edition of Guide 1 is available for use now, while the remaining guides are developed. As that work progresses, Guide 1 may be revised to reflect emerging considerations and ensure coherence across the series.
The anticipated publication schedule, subject to IAASB approval, is:
- Guide 2 – Firm-Level Quality Management Before Deployment: January/February 2027
- Guide 3 – Engagement-Level Use and Oversight: April/May 2027
- Integrated Edition, including Guide 4 on monitoring and remediation after deployment: July/August 2027
The integrated edition will bring together all four guides, incorporating any revisions made during the development of the series.
The guides are non-authoritative and do not introduce new requirements. They support the consistent and effective application of ISQM 1 and ISA 220 (Revised), while recognizing the diverse circumstances and technological maturity of firms.
Explore the Introduction and Guide 1 here.
About the IAASB
The International Auditing and Assurance Standards Board develops auditing, assurance, related services, and quality management standards and guidance in the public interest that support consistent performance of quality engagements. Along with the International Ethics Standards Board for Accountants, the IAASB is part of the International Foundation for Ethics and Audit. The Public Interest Oversight Board oversees IAASB and IESBA activities and the public interest responsiveness of the standards. For copyright, trademark, and permissions information, please visit Permissions.