Data analytics has been emphasized as an effective tool in audit engagements. However, both our understanding and
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Question:
Data analytics has been emphasized as an effective tool in audit engagements. However, both our understanding and the use of data analytics in audit engagements are limited." - quoted from Wang, T., & Cuthbertson, R. (2015).
References:
Wang, T., & Cuthbertson, R. (2015). Eight issues on audit data analytics we would like researched. Journal of Information Systems, 29(1), 155-162.
- In not more than 100 words, define and explain what data analytics are.
- In not more than 600 words, how are data analytics applied in audit? You must explain in detail how data
- Analytics are used in audit. Give and elaborate three (3) examples.
- Why data analytics are applied in those three (3) examples? What are the benefits to the company or
- organisation? (100 words)
- What are the considerations when implementing data analytics in audit? (100 words)
- In not more than 100 words, write your conclusion. What is the future of data analytics in audit? What are
- The biggest challenges in applying data analytics in audit?
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Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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