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Audit
Technology - Salijeni et al., 2019
| Question | Answer |
|---|---|
| key aspects of this study | - impact of big data analytics on relationship between auditor and client - consequences of technology on audit engagements - common challenges embedding big data analytics in audit |
| big data | nature of data |
| data analytics | tools to make sense of data |
| BDA | relationship between big data and data analytics |
| big 4 | heavy investment in advancing technology - acquiring and developing BDA tools |
| what does BDA allow auditors to do | make sense of complex data at a faster rate and assess materiality |
| how could conflicts of independence arise | if audit firms offer too much guidance on BDA to clients |
| outputs of BDA can | subconsciously make auditor take on a more 'consultancy role' |
| push for BDA driven by | hope for an increase in quality |
| outliers, 'false positives' can | create more, unnecessary audit work -> not cost beneficial |
| rise of BDA may alter | skillset of auditor - from judgement to technical and data driven |
| fear regarding BDA | could overpromsie and underdeliver |