Response to FRC discussion on using technology to enhance audit quality

Back in March 2020, in the context of various audit reform reviews and to help with their audit policy, the FRC felt the need to open up the discussion on the use of technology in audits to a wider range of stakeholders than regulators, standard setters and audit practitioners. UKSA and ShareSoc thought it was important to respond to this consultation from the point of view of a main consumer of statutory audits, private investors in shares in companies. UKSA’s and ShareSoc’s response, which was submitted to the FRC on 17th July 2020, can be found here.