Emerging Technologies, Risk, and the Auditor’s Focus: A Resource for Auditors, Audit Committees, and Management

Emerging Technologies, Risk, and the Auditor’s Focus explores financial reporting implications of the evolving use of technology such as artificial intelligence, the internet of things, and smart contracts. As the resource highlights, a solid understanding of the benefits and risks of these technologies is necessary for auditors, audit committees, and management to execute their respective responsibilities effectively. Building on the CAQ’s 2018 publication, Emerging Technologies: An Oversight Tool for Audit Committees, this 2019 resource enumerates key risks—and sheds light on auditor considerations regarding those risks. It also delves into areas of auditor focus when it comes to the impact of emerging technology on business, internal control over financial reporting, and audit committee oversight.