PCAOB Proposes Amendments to Auditing Standards Related to Audit Procedures That Involve Technology-Assisted Analysis
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:
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Clarify “the differences between tests of details and analytical procedures and emphasize the importance of appropriate disaggregation or detail of information.”
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Specify “the auditor’s responsibilities when using audit evidence for more than one purpose.”
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Outline “considerations for the auditor’s investigation of items when designing or performing substantive audit procedures.”
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Address the auditor’s “responsibilities for evaluating the reliability of certain audit evidence.”
Comments on the proposed amendments are due by August 28, 2023. For more information,
see the press release on the PCAOB’s Web site.