SAS No. 145 assists auditors in identifying and addressing risks that the use of information technology can introduce.
Professional Insights
Considering IT risk during audit risk assessment procedures
Dave Arman CPA Senior Manager – Audit QualityNov 01, 2023 · 1 min read
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The widespread use of information technology can introduce various risks that affect financial reporting and the audit process. To assist auditors in identifying and addressing these risks, the AICPA has issued SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement.
Plainly stated, SAS No. 145 tells auditors to consider their clients’ use of technology,
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