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ISO proposal for the creation of a new technical committee “Audit Data Services”

ISO proposal for the creation of a new technical committee “Audit Data Services”


ISO proposal for the creation of a new technical committee “Audit Data Services”


Standardization in the field of audit data services covers the content specification as well as the collection, pre-processing, management and analysis techniques for the identification, communication, receipt, preparation and use of audit data.


The proposed ISO/TC will be foundational for creating the data enabled audit of the future, which will support auditors with the knowledge and structures to perform their audit procedures in a more efficient and effective way. Additionally, auditees will see benefits in the areas of E-accounting and E-business. Audit results are critical to ascertain the reliability and accuracy of financial statements as well as non-financial disclosures for use by the financial markets, public administration and all categories of investors. Audit also helps to promote good governance, improve the effectiveness of risk control and management.


Although audit procedures and audit scope vary greatly by industry and purpose, one global challenge auditors face is requesting and processing representative data from information systems. There is currently great diversity in the types and sophistication of systems used by enterprises. For instance, in some countries, enterprises are using more than 300 different versions of ERP systems (Enterprise Resource Planning Systems) and accounting packages. Difficulties in collecting, pre-processing, managing and analysing data from various systems are well known to auditors. These challenges have led to duplicate efforts and waste for both businesses and auditors. It is reported that the time spending on data collection and pre-processing has increased in recent years, with estimates as high as 60-70% of the entire period for some audit projects.


Proposed initial programme of work.

  • Standards of audit data services of public sector budget, including revenues (except tax) and expenditures.
  • Standards of audit data services of financial reports, including balance sheets, income statements, statements of cash flows, statements of equity and related notes.
  • Standards of audit data services of non-financial enterprises, including ERP information and customs, tax payment, internal control information; the specifications on implementation in different file formats and for ERP vendors.
  • Standards of audit data services of tax, including taxpayer’s basic and transaction information.
  • Standards of audit data services of social insurance, including pension and health insurance.


The plans for the above listed standards specify the data content, pre-processing and validation procedures, data management and analysis techniques.


The relevant stakeholders can be categorized into three groups:


  • Auditors: government, external independent, internal and other regulatory.


The deliverables of the proposed ISO/TC improve the accessibility and transparency of audit data. The standardization of audit data pre-processing, management and analysis enhances the efficiency and quality of audit.


  • Auditees: government institutions, enterprises and individuals.


The deliverables of the proposed TC are unified standards. They will reduce the duplicate efforts of auditees to meet different audit requirements. It is particularly important for small and medium-sized enterprises.


  • Vendors: ERP, accounting packages, audit tools and other information systems that support business processes and controls.


The deliverables of the proposed TC connect these audit data standards for collection, management and analysis. They will help vendors provide audit data services in a consistent way, and reduce associated cost


In case of national interest, BDS can approve the creation of ISO/TC on „Audit Data Services”. If the establishment of ISO/TC is accepted by the national standards bodies – members of ISO, Bulgaria can obtain P- or O-membership in the work of the newly established committee.


The national stakeholders can provide their position on the proposal for this new field of ISO technical activity by 10.07.2019 to Desislava Gulenova, e-mail:, tel: +359 2 81 74 581.

12 Jun 2019