FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Answer the question below: Please include atleast one reference
1: Explain Audit data analytics in risk assurance
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Audit Data Analytics means reviewing audit-related information by using technology. Large files or numbers are analyzed with the help of data analytics in real time. Data analytics can help improve the quality of the whole auditing process (from planning to reporting) by providing better analysis of the complex and large amount of data which is easy to understand by the auditors and other stakeholders.
Risk Assurance means applying checks and internal controls in the organization to detect, measure, and manage risk more effectively and timely for the smooth running of the business.
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- an introduction about the effect of artificial inteligence on auditarrow_forward(Audit) When we are looking for existence how do we match them up?arrow_forwardWhich of the following is not one of the five key steps within the ERM process? a. Risk response b. Risk acceptance c. Risk monitoring d. Risk identificationarrow_forward
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