Market need
As new and emerging technologies continue to flood the marketplace, auditors face a variety of techniques that could potentially transform the traditional financial statement audit, making it more efficient and adding more value. Understanding how these new techniques can be used throughout the audit, under the current auditing standards, is important for firms of all sizes.
In response, the American Institute of CPAs (AICPA) developed a new publication entitled, Guide to Audit Data Analytics. This guide demonstrates