Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
How can a financial auditor use the following topic in his future work?
- perform value chain analysis
- apply the Strengths, Weaknesses, Opportunities, and Threats (SWOT) framework to formulate strategy recommendations
- importance of data and analytics strategy, data quality, structured approach for conducting analytics
- evaluate the output of analytical models using relevant measures of performance
- creation of value through data and analytics and discuss the ethical issues in analytics.
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Step 1: Introduction:
In the ever-evolving landscape of financial auditing, professionals must continually adapt to emerging trends and methodologies. This answer will set the stage for a discussion of critical topics that financial auditors can leverage to enhance their audit processes and provide valuable insights to the organizations they serve.
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