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The Use of Data Analytics in Auditing


Why data analytics matters to accountants | Kenan-Flagler

Accountants use data analytics to help businesses uncover valuable insights within their financials, identify process improvements that can increase efficiency ...

The role of Artificial Intelligence (AI) and Data Analytics in Auditing

One significant benefit of incorporating AI and data analytics into the audit process is that they can analyze vast amounts of financial data ...

Big data and data analytics in auditing: in search of legitimacy

The results can, thus, be used to enhance the audit strategy and to innovate audit practices by using BDA as a source of adequate audit evidence ...

Audit & Data Analytics for Internal Audits - Benefits & Tips

Audit analytics are audit tests performed using data and software rather than traditional substantive testing procedures. The testing is ...

Data Analytics and Its Implication on Auditing - Atlantis Press

The discussion implies that data analytics helps the auditor to improve audit quality in the big data era. Therefore, auditors should master data analytics ...

Do Different Data Analytics Impact Auditors' Decisions?

Findings suggest that when predictive models are used and identify a risk of misstatement, auditors increase budgeted audit hours more when ...

An Exploratory Study into the Use of Audit Data Analytics on Audit ...

Similarly, Leonard Combs, PwC U.S. Chief Auditor and Leader of Auditing Services,. Methodology & Tools reports: “Data analytics is changing both the way we ...

Data, Analytics and Your Audit - KPMG LLP

At its core, our business has always been about the analysis of data — auditors have been collecting and analyzing data, and pro- viding conclusions on it, ...

Power Auditing by Data Analytics - ACCA AAA - Got it Pass

In assessing the risk of a business, auditors can use data analytics to obtain the latest information regarding the business from social feeds, news feeds, ...

Data analytics in audit - YouTube

With the advances in technology, the audit is poised for rapid change – beyond the traditional financial statement audit.

Audit data analytics | Grant Thornton

Our analytical techniques include: Account combination analysis; Digital, textual and letter analytics; Trend analysis and regression; Benchmarking ...

The Emerging Role of Audit Analytics | RAW

Firms use a range of software products to run this type of continuous monitoring. For IA, the term 'data analytics' has come to mean the discipline of ...

Data analytics in auditing: Opportunities and challenges

Although DA holds great promise for the auditing practice as well, the use of widespread DA on audit engagements has lagged behind other practice areas. This is ...

Introduction to Data Analysis for Auditors and Accountants

Data analysis can enable auditors to focus on outliers and exceptions, identifying the riskiest areas of the audit. The authors introduce the ...

The use of data analytics in external auditing: a content analysis ...

Findings. The analysis showed that a range of attributes, such as the usefulness of DA in auditing, authoritative guidance (auditing standards), ...

Top 10 Questions Auditors Have about Data Analytics & RPA

Absolutely, data analytics can be part of the entire audit process. It helps us rank risk priority, we can test full populations instead of ...

Incorporating Data Analytics Into Your Auditing (AUD) Course - Wiley

Audit data analytics are the examination of large datasets, usually using computer software, to examine data to identify patterns, trends, and outliers.

Data analytics for internal auditors | ACCA Global

It can be used to identify potentially obsolete or slow-moving inventory, and provide insights into the profile of the inventory. Key financial controls. Using ...

Three Studies Examining Auditors' Use of Data Analytics - ucf stars

The first study investigates implications of using data analytics to structure the audit process for nonprofessionalized auditors. As the public accounting ...

Big Data Analytics and Auditing: A Review and Synthesis of Literature

Future audit research potential and difficulties are also discussed. Data analytics application in auditing has enormous potential for refining audit quality, ...