Using Technology in Financial Statement Audits

The video offers an overview of a new, free practice aid the Auditing Standards Board Technology Working Group developed. The practice aid discusses how technology can be used in financial statement audits and illustrates automated tools and techniques through the example of performing risk assessment procedures under SAS No. 145.

Improve the quality, efficiency and effectiveness of your audits through technology with the help of this resource. In today’s dynamic business environment, auditors manage a wide range of challenges, from complex financial transactions to ever-evolving regulatory requirements. That’s why embracing a digital, future-focused, and technology-driven mindset is crucial for auditors and businesses to thrive in the coming years. Visit aicpa-cima.com/riskassessment for the practice aid.