This article discusses whether auditors can rely solely on AI-generated outputs when forming an audit opinion. It examines NFRA’s Staff Series on Technology in Audit, which clarifies that while AI and automated tools can improve efficiency, they do not change the auditor’s responsibilities under the Standards on Auditing.
‣ Technology in Audit – AI tools can analyse large datasets, identify anomalies and strengthen audit planning.
‣ Auditor's Responsibility – Auditors must still obtain sufficient and appropriate audit evidence.
‣ Automation Bias – AI-generated conclusions should not be accepted without proper questioning and validation.
‣ Professional Scepticism – Technology can support professional judgment, but cannot replace it.
‣ Audit Evidence – AI outputs must be independently assessed for relevance, reliability and appropriateness.
The message is clear: technology may assist the audit process, but responsibility for the audit opinion remains solely with the auditor.
