Discussion Paper - Technological Resources: Using Technology To Enhance Audit Quality

Published: 25 March 2020

Response deadline: 3 July 2020

Consultation document
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Title Data Analytics Thematic Mar 20
Format pdf, 608.1 KB

The Financial Reporting Council (FRC) has today issued a discussion paper on Technological Resources: Using technology to enhance audit quality . Building on the FRC’s recent thematic review, The use of technology in the audit of financial statements , we are seeking stakeholder views on how the FRC might better support the use of technology as a driver of high quality and consistent audit.

Technology driven innovation has been the subject of significant investment for a number of years, and is increasingly the focus of dialogue between regulators, standard setters and audit practitioners. The FRC recognises that as the UK audit regulator, we have a role in setting expectations regarding the use of technology. The FRC is therefore keen to engage in dialogue with stakeholders and are asking for respondents’ opinions on a range of questions relating to technology, data extraction and ethics.

We are inviting responses to be received by 5pm on Friday 3rd July and welcome both direct responses to the questions, as well as comments on other areas of audit quality and technology outside those identified. Please address your responses to Jason Bradley at [email protected] .

Response paper
Name Technological resources
Publication date 17 December 2020
Format PDF, 344.2 KB
Responses received
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Title BDO
Format pdf, 73.7 KB
Title CPA Australia
Format pdf, 205.4 KB
Title CPA Ireland
Format pdf, 211.3 KB
Title CRUF
Format pdf, 299.5 KB
Title Dr George Salijeni
Format pdf, 136.4 KB
Title Duncan & Toplis Ltd
Format pdf, 78.5 KB
Title Engine B
Format pdf, 305.2 KB
Title EY LLP
Format pdf, 275.8 KB
Title H W Fisher
Format pdf, 132.1 KB
Title ICAEW
Format pdf, 63.3 KB
Title ICAS
Format pdf, 132.8 KB
Title Inflo
Format pdf, 618.8 KB
Title KPMG LLP
Format pdf, 88.7 KB
Title Moore Kingston Smith LLP
Format pdf, 313.4 KB
Title RSM LLP
Format pdf, 169.5 KB
Title UKSA and ShareSoc
Format pdf, 261.6 KB

Consultation status: closed