FRC report on step change in use of technology to improve audit quality
Released 24 March 2020
A new report from the Financial Reporting Council (FRC) highlights that audit firms have invested considerably in the infrastructure required to efficiently capture, collate and organise data. Auditors are however dependent on whether companies have a robust IT infrastructure that allows data to be extracted in a useable form to challenge management.
For further information, including a link to the report, see Step change in use of technology to improve efficiency and quality of audits.