Audit Data Standards

ASEC’s Emerging Assurance Technologies Task Force established the Audit Data Standard working group to help develop new technologies that will contribute to the effectiveness, timeliness, and efficiency of the audit process. One of the main projects that this task force has been working on is developing a standardized data model that management, internal auditors and external auditors could utilize for enhanced analytics that would further improve the timeliness and effectiveness of the audit process.

Audit Data Standards Overview

One of the challenges that management and auditors face is obtaining accurate data in a usable format following a repeatable process. As a result, the working group has developed a voluntary, uniform audit data standards that identifies the key information needed for audits and provides a common framework covering: (1) data file definitions and technical specifications, (2) data field definitions and technical specifications, and (3) supplemental questions and data validation routines to help auditors better understand the data and assess its completeness and integrity. The standards are offered in either of the following two file formats: (1) flat file format (pipe-delimited UTF-8 text file format) and (2) extensible Business Reporting Language Global Ledger Taxonomy Framework (XBRL GL)