Testing the data and the tools
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Evidence and documentation Testing the data and the tools
When a Tool Is the Primary Source of Audit Evidence: Canada's Audit Regulator on Technology in Audits, October 2025
In October 2025, Canada's audit regulator reported examples of deficiencies it identified when a technology-assisted audit tool "provided the primary source of audit evidence." In one, procedures to test completeness and accuracy were limited to the transactions the tool identified as higher risk or outliers.
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Evidence and documentation Testing the data and the tools
Functions as Intended: The FRC's Review of How Audit Firms Certify Their Automated Tools, June 2025
In June 2025 the UK's audit regulator published its review of how the six largest audit firms certify the automated tools their auditors use, a snapshot of the firms' processes as they described them in 2024. It found no formal monitoring by the firms "to quantify the audit quality impact of using ATTs," though their use "may sometimes be captured in other activities such as root cause analysis."
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Evidence and documentation Testing the data and the tools
Analyzing Information in Electronic Form: The SEC's Approval of the PCAOB's Amendments on Technology-Assisted Analysis, August 2024
On August 20, 2024, the Securities and Exchange Commission approved amendments to the PCAOB's auditing standards on audit procedures that involve "analyzing information in electronic form with technology-based tools." They "will be effective for audits of financial statements for fiscal years beginning on or after December 15, 2025."