Audit committees
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PCAOB Staff Say Audit Committee Chairs Are Increasingly Seeking Insights From Their Auditors on AI's Potential Impacts on Financial Reporting
In a Spotlight of April 2026 on its conversations with more than 250 audit committee chairs, the PCAOB's staff report that chairs expressed concerns about "staff preparedness to detect fraud that might be facilitated with the use of artificial intelligence (AI)," and that several asked how AI implementation by audit firms would affect fees.
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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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Critically Assess AI-Generated Outputs: What Canada's Audit Regulator Heard From Audit Committees in 2026
In July 2026, Canada's audit regulator published insights gathered in its outreach to audit committees. On their auditors' use of AI, the committees are interested in how firms are "building challenge and validation functions into their AI-enabled audit processes."
