ACRA Issues Audit Practice Guidance No. 1 of 2025 on Tech-Driven Audits

ACRA has released Audit Practice Guidance No. 1 of 2025, titled 'Delivering Quality Audits in a Technology-Driven Environment,' addressing risks from AI, data analytics, and automation in audits. It guides Accounting Entities on strengthening their Systems of Quality Management (SoQMs) through better risk assessment and IT understanding. The guidance supports the audit profession's digital transformation.