Official Notices
112 notices published
ACRA Issues Audit Practice Guidance No. 1 of 2025 on Tech-Driven Audits
ACRA has released Audit Practice Guidance No. 1 of 2025, titled 'Delivering Quality Audits in a Technology-Driven Environment,' addressing risks from AI, data analytics, and automation in audits. It guides Accounting Entities on strengthening their Systems of Quality Management (SoQMs) through better risk assessment and IT understanding. The guidance supports the audit profession's digital transformation.
ACRA Revises Audit Quality Indicators Framework with New Metrics
ACRA has enhanced its Audit Quality Indicators (AQIs) Framework following a 2025 review. Three new indicators—use of technology, culture survey, and restatements—have been added, alongside updates to the audit hours indicator. These changes aim to address emerging risks and meet evolving stakeholder expectations in the auditing landscape.