Audit Data Analytics: Opportunities and Tips

Traditional audit methods served auditors for decades but as technology advances and stakeholders’ expectations evolve, so does the need for auditors to innovate and transform their approaches in order to keep pace with demand. This publication describes some of the opportunities that new technologies, especially the use of audit data analytics, can offer for audits of entities of all sizes. It also provides a few tips which might be useful for practitioners, Small and Medium Sized Practices (SMPs) and Professional Accountancy Organizations (PAOs) as they support their members.

2022 Ministerial Conference: Financial and Sustainability Reporting for Debt Transparency and a Resilient Recovery

The Ministerial Conference “Financial and Sustainability Reporting for Debt Transparency and a Resilient Recovery” took place at the Hofburg Palace in Vienna, Austria, on November 30, 2022. It was organized by the World Bank Centre for Financial Reporting Reform (CFRR), celebrating its 15th anniversary, and was hosted by the Austrian Ministry of Finance.

Audit Training of Trainers Virtual Workshop: Leveraging Data Analytics to Add Value for SMEs

This session showcased a possible example how Small and Medium Sized Practitioners (SMPs) can employ data analytics solutions to add value to their Small and Medium Enterprise (SME) clients and shared further insights and relevant considerations for SMPs in the area of audit data analytics. The session also provided preliminary insight into the responses to the International Auditing and Assurance Standards Board (IAASB) Data Analytics Working Group (DAWG) on its Request for Input “Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics”.

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