Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

amswer in detail QUESTION 4 Big Data (BD) technology has grown in popularity over the last few years across a wide range of industries, from

amswer in detail
image text in transcribed
QUESTION 4 Big Data (BD) technology has grown in popularity over the last few years across a wide range of industries, from business and government to scientific and research (Ajana, 2015). Accounting and auditing are no exception, as businesses are confronted with an unprecedented amount of semi-structured and unstructured massive data, which they must use and manage in order to be innovative, effective, and competitive. On the one hand, we can see a surge of interest in BD as a result of the recognition of opportunities in a variety of fields (Marshall et al., 2015; Verma and Bhattacharyya, 2017; Vera-Baquero et al., 2015; Enget et al., 2017). According to Wang and Cuthbertson (2015), BD and Big Data Analytics (BDA) play a potentially important role in innovative auditing practise. Several studies have discussed and examined broad areas of BD and BDA in external auditing by explaining and providing context for researchers, drawing their attention to it in terms of general issues, and arguing that the use of BDA is appropriate and valuable to ensure audit quality. REQUIRED: Express the organisational intentions to use Big Data and Big Data Analytics (BDA) in external auditing. (25 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Debunked An Auditor Reviews The 2020 Election And The Lessons Learned

Authors: Joseph Fried

1st Edition

1645720756, 978-1645720751

More Books

Students also viewed these Accounting questions

Question

=+c. Construct density histograms for max5, mean5, and recent5.

Answered: 1 week ago

Question

Have I incorporated my research into my outline effectively?

Answered: 1 week ago