Technology

The IAASB has introduced a new Technology Position that will guide how the IAASB adapts its work to embrace the intersection of audit, assurance, and technology. This new position marks a significant step forward in the IAASB’s ongoing commitment to enhancing the quality and relevance of its standards in the face of rapid technological advancement.

The Position is structured around three key components.

1.Technology Position Statement

This Statement articulates eight key actions the IAASB will take to deliver on its new technology commitments to encourage firms and practitioners to use technology when appropriate.

2. Operationalize the Technology Position Statement

This component details the IAASB’s strategy for implementing the Statement by identifying opportunities for new or revised standards, along with developing non-authoritative materials and guidance. The IAASB is currently conducting a gap analysis to ensure current standards align with technological advancements. The findings will be published on this web page in due course. 

3. Monitor and Adapt to Technological Trends

The IAASB is committed to continually monitoring emerging technologies to ensure its standards evolve with the rapidly changing landscape. The Technology Position will also be updated as necessary to remain aligned to the rapidly changing landscape.

This Technology Position ensures the IAASB remains at the forefront of technological advancements, safeguarding the quality and consistency of audit and assurance practices globally. Learn more by reading the Technology Position below.

Read Our Technology Position
Read Our 8 Guiding Actions

 

The IAASB has also developed various guidance, non-authoritative materials, and newsletters to provide assistance to practitioners.