Background
The Auditing and Assurance Standards Board (AASB or the Board) does work to understand the use of technology by entities and practitioners and its impact on audit and assurance services. This understanding enables the Board to assess the impact of technology on our standards and the need for further guidance. The Board’s technology related activities include working closely with CPA Canada’s Audit and Assurance Technology Committee and the International Auditing and Assurance Standards Board’s (IAASB) Technology Consultation Group. Examples of activities the Board uses to understand technology and its impact on standards and guidance are:
- tracking and understanding emerging technologies and assessing their impact on assurance and related services engagements;
- determining whether new or revised standards or guidance are needed to support the evolving use of technologies;
- participating in the IAASB’s Technology Consultation Group;
- leveraging the IAASB’s research activities on disruptive technologies to compare to the Canadian environment;
- participating in CPA Canada’s Crypto-asset Auditing Discussion Group;
- monitoring emerging technology developments identified by other National Standard Setters; and
- supporting CPA Canada’s development of implementation guidance on topics related to technology.
Resources and Guidance available related to Technology Topics:
CPA Canada’s Technology Hub
CPAB’s Technology in the Audit
IAASB Technology Initiative
IFAC Technology Matrix
IESBA’s Technology working Group Report