As part of the modernization of ISA 315 the IAASB recognizes the use of Automated Tools and Techniques (ATT). The guidance provides examples about how ATT can be used when performing risk assessment procedures. The task force also developed frequently asked questions (FAQs) to address issues and challenges related to the use of ATT.
The continual and rapid evolution in technology is one of the factors that underpin some of the issues related to audit evidence, including the increasing use of ATT by auditors in performing engagements.