UK FRC Technology and Audit Quality

On Mar. 25, UK FRC issued discussion paper on quality of auditing.

  • Discussion paper technological resources: using technology to enhance audit quality.
  • Builds on UK FRC review the use of technology in the audit of financial statements.
  • Discussion Paper
  • FRC looking for further insight on use of technology/potential impact on audit quality, and seeks opinions on questions relating to technology, data extraction and ethics.
  • Keen to engage in dialogue with stakeholders and is looking for both direct responses to questions and comments on other areas relating to audit quality and technology
  • Effectiveness
  • Responses by May. 29, 2020.

Regulators UK FRC
Entity Types Auditor; Bank; BS; Corp
Reference PR 3/25/2020; ESG
Functions Accounting; Compliance; Financial; Privacy; Research; Technology
Countries United Kingdom
Products Banking; Corporate; Insurance; Pensions
Regions EMEA
Rule Type Proposed
Rule Date 3/25/2020
Effective Date 5/29/2020
Rule Id 74455
Linked to N/A
Reg. Last Update 3/25/2020
Report Section UK

Last substantive update on 03/25/2020