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IAASA’s thematic paper on data analytics in Ireland’s statutory audit market

06/12/2021

IAASA’s thematic paper on data analytics in Ireland’s statutory audit market

IAASA has today published a thematic paper discussing the use of data analytics in Ireland’s statutory audit market, available here.

IAASA’s paper provides an overview of the areas where auditors perform data analytical audit procedures and supports in place for auditors in using data analysis tools.

IAASA’s paper also discusses challenges faced by auditors when using data analytics and looks at plans for further development and roll out of data analytics in audit. IAASA’s paper identifies key considerations for audit committees and sets out the focus of audit regulators with regard to data analytics, both from an international and an Irish perspective.

The appendices to IAASA’s paper provide some examples of data analysis supports and the use of data analysis in audit areas.

IAASA’s YouTube channel also now includes a video that shares key observations set out in the paper, available here.

IAASA has also published some factsheets summarising insights from this paper. The factsheets on data analytics are available here.

 

 

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