When designing and performing audit procedures using ATT to obtain sufficient appropriate audit evidence, how do you consider reliability of information, including information produced by the entity? However, not all information that you use has the same degree of reliability. The use of ATT allows you to incorporate information from various sources, both internal and external to the entity, and to use greater volumes in analyses. With the evolution in technology, vast amounts of information and numerous types of information sources are available (e.g., social media, open data, blockchain, robotic process automation, Internet of Things, drones, etc.). the factors that may assist you in assessing the importance of these attributes.the attributes that are relevant in considering or evaluating whether the information you are using in your ATT is reliable.This blog is for audit practitioners who use ATT. There could be significant implications for your audit if the information you use in your ATT is not sufficiently reliable. ATT are IT-enabled processes that involve the automation of methods and procedures, such as the analysis of data using modelling or visualization. Many auditors of financial statements use automated tools and techniques (ATT) in various aspects of their audits.
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