IAASB releases latest audit support tools

Released 28 September 2020

The Technology Working Group of the International Auditing and Assurance Standards Board (IAASB) has released Non-authoritative support materials: using automated tools and techniques in performing audit procedures.

The publication is designed to assist auditors in understanding whether a procedure involving automated tools and techniques may be both a risk assessment procedure and a further audit procedure. It also provides specific considerations when using automated tools and techniques in performing substantive analytical procedures in accordance with International Standard on Auditing 520, Analytical Procedures.

Further information, including relevant links, can be found at https://www.iaasb.org/news-events/2020-09/new-support-materials-available-iaasb-using-automated-tools-and-techniques-audit-procedures.

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