PCAOB Clarifies Requirements Related to Use of Technology-Assisted Analysis

The PCAOB has released amendments to clarify its requirements related to “audit procedures that involve technology-assisted analysis” in its auditing standards on audit evidence (AS 1105) and the auditor’s responses to the risks of material misstatement (AS 2301). The clarifications are designed to “reduce the risk that auditors who use technology-assisted analysis in the audit may issue an opinion without obtaining sufficient appropriate audit evidence.”

Pending SEC approval, the amendments are effective for financial statement audits for fiscal years beginning after December 15, 2025. For more information, see the press release — as well as the statements by PCAOB Chair Erica Williams and board members Christina Ho, Kara Stein, George Botic, and Anthony Thompson — on the PCAOB’s Web site.