FRC: Technological Resources: Using technology to enhance audit quality

25 March 2020

Building on the FRC’s recent thematic review, the use of technology in the audit of financial statements, the FRC is seeking further insight through this discussion paper into the use of technology and its potential impact on audit quality.

Technology driven innovation has been the subject of significant investment for a number of years, and is increasingly the focus of dialogue between regulators, standard setters and audit practitioners. The FRC recognises that as the UK audit regulator, it has a role in setting expectations regarding the use of technology. As a result, the FRC is keen to engage in dialogue with stakeholders and is seeking opinions on a range of questions relating to technology, data extraction and ethics.

Responses should be received by 5pm on Friday 29^th May.

Full press release on FRC

Related press release on FRC

Full report on FRC

© FRC