The International Forum of Independent Audit Regulators (global audit oversight group) says its new report reviews technology trends in audits and the responses expected from audit firms.
The International Forum of Independent Audit Regulators (global audit oversight group) has released a report titled "Technology in Audit — Innovation and Audit Quality," focusing on how artificial intelligence and other technology tools are being used in audit work. According to the report description, it outlines recent technology trends affecting audits and the responses expected from audit firms. The publication centers on audit quality, a core issue for regulators because new tools can change how evidence is reviewed, risks are identified, and audit procedures are performed.