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Innovative technologies like machine learning and artificial intelligence are changing the game in the accounting and auditing industry, but the challenge of evaluating and validating new software tools for use on assurance engagements can keep even the boldest auditor awake at night. This session will prepare you to evaluate these new software tools, including what to do with a SOC report if it is available, key considerations when no SOC report is available, and best practices for holding meaningful discussions with venders and other relevant parties.
Learning Objectives:
Discover key considerations for evaluating auditing software tools for use in assurance engagements.
Prepare a plan for evaluating a specific software tool, in light of the new quality management standards.