AUASB Bulletin: ASA 315 and the Auditor’s Responsibilities for General IT Controls

Monday, June 27, 2022

The AUASB has issued FAQs to assist auditors in understanding their responsibilities for General IT Controls (GITCs) as part of the new ASA 315 Identifying and Assessing the Risks of Material Misstatement, which includes new and updated material about the auditor’s understanding of IT.

This publication aims to address common questions from auditors about their responsibilities in relation to GITCs as part of the audit of a financial report. Understanding of IT is becoming increasingly important for auditors as entities increase their use of IT as part of their operations.  

Auditors will find this publication particularly useful in navigating the new requirements of ASA 315.  

Subscribe for updates Subscribe