Data Analytics

Free CPA AUD (Auditing & Attestation) lesson in Performing Further Procedures and Obtaining Evidence. 13 min read, ~1,913 words.

ADA (Audit Data Analytics) uses automated tools to process, organize, structure, or present data to generate information used as audit evidence. Four mindsets: descriptive (what happened), diagnostic (why), predictive (what will happen), prescriptive (what to do). ADA can serve as risk assessment, substantive procedure, or test of controls; the role...