Audit Data Analytics

The AICPA’s Assurance Services Executive Committee's (ASEC's) Emerging Assurance Technologies Task Force, has worked primarily on three projects related to audit analytics, data standardization, and continuous assurance: 1) creating audit data standards, 2) developing a framework that maps innovative data analytic procedures to the more traditional audit objectives and 3) developing a compendium of essays that discuss continuous assurance, continuous control monitoring, and advanced analytics techniques. A joint ASEC and Auditing Standards Board working group has also been formed to develop a new AICPA Audit Data Analytics Guide