Frequently Asked Questions on Investigating Exceptions and Relevance of Performance Materiality When Using Automated Tools and Techniques

This Frequently Asked Questions (FAQ) helps address investigating exceptions and the concept of performance materiality when performing audit procedures using automated tools & techniques (ATT). While not unique to ATT, questions on these topics have become more prevalent with the increasing use of ATT, which enable analyzing data sets with large volumes of information.

The publication does not amend or override the International Standards on Auditing (ISAs), the texts of which alone are authoritative. Reading the publication is not a substitute for reading the ISAs. 

Fadi Mansour joined the IAASB in February 2023 as a Senior Manager - Standards Development and Technical Projects.

Fadi is from Lebanon, and before joining the IAASB, he spent 20 years working with Deloitte in various offices in the Middle East. Fadi was an Audit and Assurance Director at Deloitte, providing services to clients in different industries. Amongst his roles, Fadi served as National Professional Practice Director for Deloitte Lebanon, Office Learning Leader for Deloitte Qatar as well as participating in different quality control programs in the region.

In total, Fadi has over 23 years of experience in audit, assurance, and advisory services.

Follow Fadi on LinkedIn.

Ida joined the IAASB in February 2023, bring more than 18 years of experience in the auditing profession to her new position.

Ida previously worked in Deloitte China’s national office. Prior to moving to the IAASB, she served in various roles in engagement monitoring and acted as a liaison to provide collaborative project management support to a group of industry subject matter specialists. Between 2020 to 2021, Ida was seconded to Deloitte Global and worked on projects related to audit quality monitoring.

Ida is a Certified Public Accountant. Her professional memberships include the American Institute of Certified Public Accountants, the Hong Kong Institute of Certified Public Accountants, and the Institute of Chartered Accountants in England & Wales.

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