The American Institute of Certified Public Accountants (AICPA) has recently proposed a new set of standards for audit evidence which has been created to take into account new development in fintech such as the emergence of new technology such as the blockchain.
Dubbed as Proposed Statement on Auditing Standards (SAS), Audit Evidence will reportedly set guidelines on how auditors and preparers should evaluate audit evidence that is based on new technology.
The Chief Auditor of AICPA, Robert Dohber states that given the rapid evolution of audit evidence sources it is critical that auditors have a robust, durable sets of attributes that allows them to make consistent assessments.
AICPA is an organization of certified public accountants in the United States that sets auditing standards for various types of companies and government organizations, including federal, state and local governments.
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