PCAOB Proposes Amendments to Auditing Standards Related to Audit Procedures That Involve Technology-Assisted Analysis
Jun 27, 2023
On June 27, 2023, the PCAOB has issued for public comment proposed amendments that would improve audit quality by addressing “audit procedures that involve technology-assisted analysis of information in electronic form.”
Specifically, the proposal would:
- Clarify “the differences between tests of details and analytical procedures and emphasize the importance of appropriate disaggregation or detail of information.”
- Specify “the auditor’s responsibilities when using audit evidence for more than one purpose.”
- Outline “considerations for the auditor’s investigation of items when designing or performing substantive audit procedures.”
- Address the auditor’s “responsibilities for evaluating the reliability of certain audit evidence.”
Comments on the proposed amendments are due by August 28, 2023.
Review the proposed amendments on PCAOB’s website.
