Emerging Technologies: An Oversight Tool for Audit Committees

Emerging Technologies: An Oversight Tool for Audit Committees provides a framework and questions that audit committees may ask management and auditors to help inform their oversight of financial reporting as emerging technologies take hold. Leveraging the work of the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the CAQ’s framework has five key components. Under each component, the publication provides questions to spark dialogue among audit committees, auditors, management and others. Additionally, the tool highlights how two technologies—artificial intelligence and robotic process automation—are gaining significant traction in the financial reporting environment. An appendix points to helpful resources on emerging technologies from leading public company auditing firms and governance organizations.