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Staff contact
J. Paul-Émile Roy, CA
research.studies@cica.ca |
Executive summary
Project objective
The primary objective of this joint study between the CICA and AICPA is to discuss the opportunities and challenges presented to the auditor by electronic document management (EDM). It covers a number of issues: technology and its important uses; impact on the audit approach - tests of controls vs. substantive approach; business risks and audit risks associated with using the technology; pre-implementation considerations; internal controls that are important in EDM systems; effect of the potential loss of the traditional paper audit trail; forms of audit evidence that are available; use of computer-assisted audit techniques; and legal considerations.
(Study Group Chair - Ray Grenkie, CA, Coopers & Lybrand Consulting)
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