We have been discussing that audit engagements are incorporating more and more technology-based tools in audit procedures (e.g., electronic confirmations, data analytics software, drones and counting software). With this change, the PCAOB is doing research and considering updates to the auditing standards to address the advancement of technology in financial reporting and auditing. See the PCAOB page for the 'Data and Technology' project and browse through the discussion and relevant sources on the page. Then pick one auditing standard you think is most relevant to this discussion and briefly (1-2 paragraphs) discuss how you would revise the standard (Note: properly cite the sources you used).