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.
Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.
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
Related Resources
- 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- 2021 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements
- Proposed International Standard on Auditing 500 (Revised), Audit Evidence, and Proposed Conforming and Consequential Amendments to Other ISAs
- Proposed Part 10, Audits of Group Financial Statements of the Proposed ISA for Audits of Financial Statements of Less Complex Entities
- Quality Management and Group Audits: Highlighting Certain Aspects of Interaction Between ISA 220 (Revised) and ISA 600
