The Institute of Chartered Accountants of India ( ICAI ) has issued Technical Guide on Digital Assurance.
The Technical Guides are an important resource for the members to deal with practical difficulties in audit. These Guides help the members in obtaining efficiency and effectiveness in their audit procedures.
This Technical Guide on “Digital Assurance” is brought out jointly by the Auditing and Assurance Standards Board (AASB) and the Digital Accounting and Assurance Board (DAAB) of ICAI. This Technical Guide will help the members to adopt enhanced use of technology in audit by implementing the use of digitally available audit evidence and information. Accordingly, this Guide is a step towards digital auditing. This Guide provides awareness to the members about the online sources of audit evidence and explains them through various illustrations as to how to put them to better use while conducting audit.
“I congratulate AASB and DAAB in taking this initiative of coming up with the Technical Guide on ‘Digital Assurance’. The Technical Guide has been written in easy-to-understand lucid language. I appreciate the efforts of CA. (Dr.) Sanjeev Kumar Singhal, Chairman, AASB CA. Charanjot Singh Nanda, Chairman, DAAB, CA. Vishal Doshi, ViceChairman, AASB, CA. Dayaniwas Sharma, Vice-Chairman DAAB and other members of the respective Committees for bringing out this Technical Guide for benefit of the members. I am sure that this Guide would be able to bring awareness to the members with respect to digitally available audit evidence,” ICAI President CA (Dr.) Debashis Mitra said.
The Auditing and Assurance Standard Board (AASB) of ICAI and the Digital Accounting and Assurance Board (DAAB) of ICAI felt a need to provide guidance to the members on the use of technology in audit. There are various information available in online mode upon which the members are required to report on or certify. The members are required to be made aware of such sources available through online mode which can be utilized easily by the members in their audit procedures. This will also help in reducing the time taken in completing the audit procedures.
Subscribe Taxscan Premium to view the JudgmentSupport our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
