IAASB New Technology-Focused FAQ

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Feb 08, 2023

On February 8, 2023, the Technology Consultation Group of the International Auditing and Assurance Standards Board (IAASB) released non-authoritative support material to help address certain frequently asked questions about investigating exceptions and the concept of performance materiality when performing audit procedures using automated tools & techniques (ATT).

While not unique to ATT, questions on these topics have become more prevalent with the increasing use of ATT, which enable analyzing data sets with large volumes of information.

Review the press release and FAQ on the IAASB's website.

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