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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 3 key components: The 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.

Operationalise 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.

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.

To access the page of IAASB’s technology position please click here

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