IAASB withdraws four IT-related IAPSs
15 Jan 2005
The International Auditing and Assurance Standards Board has withdrawn the following four International Auditing Practice Statements (IAPSs) effective 31 December 2004: IAPS 1001, IT Environments - Stand-Alone Computers IAPS 1002, IT Environments - On-Line Computer Systems IAPS 1003, Environments - Database Systems IAPS 1009, Computer-Assisted Audit Techniques The IAASB concluded that the need for these IAPSs has been superseded by the assumption of computer processing in the revised standards on understanding the business and assessing the risks of misstatement.