Computer-assisted audit tools in relation with international standard on quality control 1 (ISQ1): (Based on experiences from polish small audit practices)

摘要

Small-and Medium-Sized Audit Practices (SMP) in Poland face many challenges nowadays which are related to the legislation framework, public demands on quality of services, expectation of customers regarding high quality of services and customers demands on law prices, competitors and impact of globalization of businesses and new technologies on accounting, financial reporting and auditing. To meet requirements of International Audit Standards (ISA) which will be obligatory for polish SMP soon the special attention should be paid to an audit quality. The International Auditing and Assurance Standards Board (IAASB) has developed a Framework for Audit Quality that describe the input, process and output factors that contribute the audit quality at the engagement, audit firm and national level for financial statement audits. Public Company Accounting Oversight Board has published on May 2013 the list of Audit Quality Indicators which is a result of the Standing Advisory Group Meeting. IT has been identified as an important factor which will have an influence on the profession of certified public accountants (CPA) . This paper aims to identify the processes and procedures in audit engagement which could be supported by CAAT in order to meet ISA requirements regarding audit quality.