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Big Data by freelance213 is a document available to read on EtoBox.

Auditing firms are investing heavily in data analytics to transform the audit process. This would allow auditors to examine entire populations of transactional data rather than just samples. However, regulatory and legal issues could slow this transition. Firms are also concerned about how standards may need to change to incorporate big data techniques. The AICPA is working on voluntary data standards to help auditors obtain and use client data more efficiently.

Author

freelance213

Language

EN