IAASB issues guidance on overreliance on technology

Released 18 March 2021

The Technology Working Group of the International Auditing and Assurance Standards Board (IAASB) has released non-authoritative support material to help auditors address the risk of overreliance on technology, whether it arises from using automated tools and techniques or from using information produced by an entity’s systems.

The publication does not amend or override the International Standards on Auditing (ISAs), the texts of which alone are authoritative. Reading the publication is not a substitute for reading the ISAs.

The guidance can found at https://www.iaasb.org/publications/addressing-risk-overreliance-technology-arising-use-automated-tools-and-techniques-and-information.

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