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 AICPA’s Assurance Services Executive Committee’s Audit Data Standards working group has developed voluntary, uniform audit data standards that identify the key information needed for audits and provide a common framework covering:
data file definitions and technical specifications,
data field definitions and technical specifications, and
supplemental questions and data validation routines to help auditors better understand