The Assurance Services Executive Committee's Emerging Assurance Technologies Task Force established the Audit Data Standard working group to develop a standardized data model that facilitates the use of enhanced analytics.
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, this working group has developed voluntary, uniform audit data standards that identify the key information needed for audits and provide 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).
New Fixed Asset Subledger Audit Data Standard now available
The Emerging Assurance Technologies Task Force of the AICPA has just published a new Audit Data Standard. This standard focusses on the Fixed Asset subledger account. Access a copy of the Fixed Asset Audit Data Standard by visiting the Audit Data Standards library.
Helpful Links and Additional Resources
View all of the audit data standards.
AICPA Moves Closer to Audit Data Standards
Learn more about the new Order to Cash and Procure to Pay subledger standards
AICPA Data Standard Digs Deeper in Corporate Books
Learn more about the benefits of the AICPA's Audit Data Standards
Audit Data Standard calls for organizational cooperation
Learn more about the value of audit data standardization and the AICPA's Audit Data Standards
Audit Data Standards - an important initiative of the AICPA
ACL discusses the Audit Data Standards and what's to come
Audit Data Standards: Revolutionizing Business Information
From internal and external auditors to management and more...find out more about who can benefit from the Audit Data Standards
Audit Data Gathering in Ten Minutes or Less
Learn more about how the Audit Data Standards can cut down on the amount time it takes to gather audit data.