CATEGORY: NEWS AND ANNOUNCEMENTS
26 Dec 2025
The increasing pace of technology is rapidly transforming the audit landscape, even as artificial intelligence, data analytics and automation are being integrated into the audit process. Whilst these technological advancements enhance audit efficiency and quality, they also introduce new and evolving risks that impact Accounting Entities’ (AEs’) Systems of Quality Management (SoQMs).
ACRA has issued the Audit Practice Guidance, titled “Delivering Quality Audits in a Technology-Driven Environment”, which highlights key considerations in the risk assessment and monitoring processes for AEs to strengthen their SoQMs and uphold audit quality in today’s digital age. The publication also outlines how a robust understanding of the audited entities’ IT environment provides critical insights for the risk assessment and supports the design of effective audit responses in audits of financial statements. Lastly, the publication features established initiatives aimed at supporting the audit profession in its digital transformation.
Download the Audit Practice Guidance .