|
 | What’s New? The Information Technology Advisory Committee (ITAC) has recently published: |
|
The Information Technology Advisory Committee (ITAC) was established in 1991 by the CICA's Research Studies Department. A four-person group was set up to help the CICA Studies & Standards Group keep abreast of the potential impact of technological developments on Canadian accounting and auditing standards, practices and methodologies. Throughout the 1990s, the advisory group's focus was assisting the auditing profession, since technology had made it possible for auditors to implement procedures not possible previously, because of time constraints and costs. Today, ITAC is made up of representatives from accounting firms, financial institutions, government and academe (see CICA Volunteers for a list of current members). They meet four times a year for a one-day meeting and conference calls are scheduled as needed. ITAC’s focus is broader than advising on national accounting and auditing standards (see About ITAC for the current Terms of Reference). Notably, it provides advice and prepares guidance on information technology matters affecting the profession and the business community (see ITAC Recent Activities). One of the first tasks of ITAC was the preparation of a report entitled A Roadmap for Auditing e-Business. The report was presented to the AASB in July 2000. ITAC has produced a number of publications, many of which are posted on the CICA website (see ITAC Publications for a complete list). On the education side, ITAC has reacted to and commented on the Competency Map during its development. It also led the Canadian response to the International Federation of Accountants education committee's exposure draft on Information Technology for Professional Accountants issued in September 2001.
Behind the committee by Donald E. Sheehy, CA and David J. Moore, CA, CAmagazine, January/February 2004, p.41.
|