Question: define and explain what data analytics are. how are data analytics applied in audit? You must explain in detail how data analytics are used in

  1. define and explain what data analytics are.
  2. 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.
  3. Why data analytics is applied in audit those examples? What are the benefits to the company or organisation?
  4. What are the considerations when implementing data analytics in audit?
  5. What is the future of data analytics in audit? What are the biggest challenges in applying data analytics in audit?

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