Updates from ICAI
Over the years, with an increase in the number of technology tools and automation, an abundant amount of information is available in the online mode upon which ICAI members may be required to report or certify. Thus, it is imperative for the auditors to be hands on with the various technological changes and implement the same in their audit procedures.
In this regard, recently, ICAI released the Technical Guide on Digital Assurance (the technical guide). The technical guide has been prepared with the aim to aid members in adopting the enhanced use of technology in audit by implementing the use of digitally available audit evidence and information. This would further help in reducing the time taken for completing audit procedures.
To access the text of the technical guide, please click here
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