The Accounting and Financial Reporting Council (AFRC) has been progressively guiding auditors on managing technology risks through its video series, AFRC Connect會財語你 - "Understand and Evaluate IT Risks and Controls" and its recent release, Navigating IT in Audit, "Why Does GITC Matter in an Audit?" which together highlight a critical regulatory message: Technology enhances business efficiency, but auditing without evaluating its underlying IT controls compromises the overall reliability of the audit.
Watch the videos here: