Question: Explain one specific way that data analytics or AI is transforming audit procedures. How these tools improve audit quality and decision - making.

Explain one specific way that data analytics or AI is transforming audit procedures.How these tools improve audit quality and decision-making.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

headsets with two-way communications can also enable remotely located experts to communicate with general support technicians and virtually look over their shoulders, in real-time high-definition...

Q:

Using Analytic Tools for Strategic Decision-Makin MT460-5: Design a plan to implement a business strategy throughout an organization. PC-2.2: Formulate innovative solutions for identified...

Q:

ITM 309: Business Information Technology and Systems Spring 2016 Watson and the new era of cognitive systems Jerry Haan IBM Cloud Ecosystem Development January 27, 2016 2013 International Business...

Q:

ACHE HEALTHCARE EXECUTIVE 2016 COMPETENCIES ASSESSMENT TOOL T he American College of Healthcare Executives Healthcare Executive Competencies Assessment Tool is offered as an instrument for healthcare...

Q:

Develop abstract for the below paper Intelligent digital transformations in quality management for improved supply chain integrity. I. IntroductionBackground With accelerating global economic...

Q:

THIS NEEDS TO BE WRITTEN MATERIAL AND APA REFEENCES Management Accounting does not have a body of standards such as those put out by the FASB or IASB. However, there is and has been a substantial...

Q:

Please read the assignment description and the rubric. Then review and feedback for my assignment submission. Do I need to adjust ? This is rubric Case Study Rubric Criteria Requirements Weight Score...

Q:

Scenario Using the right project management tools and methodologies will help ensure a project's success. You have decided to review your organization's current project management tools and...

Q:

Question 1 Read the article. Required: The changes in role of accounting in business based on i. Changes in technology ii. Globalization Note: Students will need to comment on your answer based on...

Q:

Part I : There are many external users of the financial accounting information about a company. Investors, creditors, authorities, vendors, employees, and customers may all be impacted by the...

Q:

A harmonic oscillator bas angular frequency", and amplitude A (a) What are the magnitudes of the displacement and velocity when the elastic potential energy is equal to the kinetic energy? (Assume...

Q:

Hendrick Bhd is the parent company of a group undergoing rapid expansion through acquisition. Hendrick Bhd operates within the manufacturing sector. On 1 January 2018, Hendrick Bhd acquired 80% of...

Q:

True or false in general investments that are riskier tend to provide higher returns

Q:

What are some food related health care issues that inner cities are more likely to see than more affluent areas? Why are certain areas most likely to experience inadequate healthy food options than...