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Analytical Procedures In External Auditing: A Comprehensive Literature Survey And Framework For External Audit Analytics, Deniz Appelbaum, Alex Kogan, Miklos A. Vasarhelyi
Analytical Procedures In External Auditing: A Comprehensive Literature Survey And Framework For External Audit Analytics, Deniz Appelbaum, Alex Kogan, Miklos A. Vasarhelyi
Department of Accounting and Finance Faculty Scholarship and Creative Works
There is an increasing recognition in the public audit profession that the emergence of big data as well as the growing use of business analytics by audit clients has brought new opportunities and challenges. That is, should more complex business analytics beyond the customary analytical procedures be used in the engagement and if so, where? Which techniques appear to be most promising? This paper starts the process of addressing these questions by examining extant external audit research. 301 papers are identified that discuss some use of analytical procedures in the public audit engagement. These papers are then categorized by technique, …
Impact Of Business Analytics And Enterprise Systems On Managerial Accounting, Deniz Appelbaum, Alexander Kogan, Miklos Vasarhelyi, Zhaokai Yan
Impact Of Business Analytics And Enterprise Systems On Managerial Accounting, Deniz Appelbaum, Alexander Kogan, Miklos Vasarhelyi, Zhaokai Yan
Department of Accounting and Finance Faculty Scholarship and Creative Works
The nature of management accountants' responsibility is evolving from merely reporting aggregated historical value to also including organizational performance measurement and providing management with decision related information. Corporate information systems such as enterprise resource planning (ERP) systems have provided management accountants with both expanded data storage power and enhanced computational power. With big data extracted from both internal and external data sources, management accountants now could utilize data analytics techniques to answer the questions including: what has happened (descriptive analytics), what will happen (predictive analytics), and what is the optimized solution (prescriptive analytics). However, research shows that the nature and …