Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics

IAASB
Sep 01, 2016 | Exposure Drafts and Consultation Papers
English

Comments due by: Feb 15, 2017

This Request for Input from the International Auditing and Assurance Standards Board (IAASB)’s Data Analytics Working Group (DAWG) provides insights into the opportunities and challenges with the use of data analytics in the audit of financial statements and outlines the insights gained from the DAWG’s activities to date. The purpose of the Request for Input is to:

Inform stakeholders about the IAASB’s ongoing work to explore effective and appropriate use of technology, with a focus on data analytics, in the audit of financial statements; and
Obtain stakeholder input and perspectives on whether all of the considerations relevant to the use of data analytics in a financial statement audit have been identified.

Supplementing this publication is a call for nominations for a newly formed Project Advisory Panel to further advise the IAASB and the DAWG on developments relevant to standard setting.

Stakeholder input will assist the IAASB in effectively responding to these developments in the public interest, including determining whether new or revised international standards or guidance may be necessary.

Comments to the Request for Input are requested by February 15, 2017.

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Submitted Comment Letters

1. Shigeto Fukuda.CISA (Japan)
November 1, 2016

2. Jewel High (United States)
December 20, 2016

3. Crowe Horwath International
January 27, 2017

4. Financial Reporting Council (United Kingdom)
January 30, 2017

5. Institut der Wirtschaftspruefer in Deutschland e.V. (IDW) (Germany)
February 2, 2017

6. Office of the Auditor-General of New Zealand (New Zealand)
February 2, 2017

7. International Association of Insurance Supervisors (IAIS)
February 3, 2017

8. National Association of State Boards of Accountancy (NASBA) (United States)
February 3, 2017

9. International Forum of Independent Audit Regulators
February 5, 2017

10. Institute of Management Accountants (IMA) (United States)
February 9, 2017

11. ISCA (Singapore)
February 13, 2017

12. CPA Canada (Canada)
February 13, 2017

13. Chartered Accountants Australia and New Zealand
February 13, 2017

14. Accountancy Europe
February 14, 2017

15. Pennsylvania Institute of Certified Public Accountants (United States)
February 14, 2017

16. South African Institute of Chartered Accountants (SAICA) (South Africa)
February 14, 2017

17. New Zealand Auditing and Assurance Standards Board (NZAuASB) (New Zealand)
February 14, 2017

18. CPA Australia (Australia)
February 14, 2017

19. Auditor General of Alberta (Canada)
February 14, 2017

20. Deloitte Touche Tohmatsu Limited
February 15, 2017

21. Moore Stephens LLP (United Kingdom)
February 15, 2017

22. PwC
February 15, 2017

23. The Malaysian Institute of Certified Public Accountants (Malaysia)
February 15, 2017

24. European Federation of Accountants and Auditors for small and medium-sized enterprises (EFAA)
February 15, 2017

25. Grant Thornton International Limted (United Kingdom)
February 15, 2017

26. AASB (Canada)
February 15, 2017

27. AICPA (United States)
February 15, 2017

28. BDO (Belgium)
February 15, 2017

29. Ernst & Young Global Limited
February 15, 2017

30. EXPERTsuisse (Switzerland)
February 15, 2017

31. PKF International Limited
February 15, 2017

32. ICAS (United Kingdom)
February 15, 2017

33. KPMG
February 15, 2017

34. ICAEW
February 15, 2017

35. CIPFA (United Kingdom)
February 15, 2017

36. Rutgers University (United States)
February 15, 2017

37. The Japanese Institute of Certified Public Accountants (Japan)
February 15, 2017

38. Association of Chartered Certified Accountants (ACCA)
February 15, 2017

39. Baker Tilly International
February 16, 2017

40. Inflo Limited (United Kingdom)
February 16, 2017

41. Royal Netherlands Institute of Chartered Accountants (NBA) (Netherlands)
February 16, 2017

42. Tom Koning (Netherlands)
February 16, 2017

43. Harvest Investments (United States)
February 17, 2017

44. IFAC SMP Committee
February 17, 2017

45. Malaysian Institute of Accountants (Malaysia)
February 17, 2017

46. CFA Institute
February 22, 2017

47. Denise Silva Ferreira Juvenal (Brazil)
February 28, 2017

48. Australian Auditing and Assurance Standards Board (Australia)
March 3, 2017

49. Independent Regulatory Board for Auditors - South Africa
March 6, 2017

50. The Compagnie Nationale des Commissaires aux Comptes (CNCC) and the Conseil Supérieur de l’Ordre des Experts-Comptables (CSOEC) (France)
March 14, 2017

51. Haut Conseil du Commissariat aux Comptes (H3C)
September 12, 2017

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