Скачать или смотреть What Are The Common Data Analytics Techniques Used In Audits? - Tax and Accounting Coach

What Are The Common Data Analytics Techniques Used In Audits? In this informative video, we will discuss the common data analytics techniques used in audits. Understanding these methods is essential for auditors as they navigate through financial data to identify risks and gather evidence efficiently. We will break down the four main types of analytics: descriptive, diagnostic, predictive, and prescriptive. Each technique serves a unique purpose in the audit process, helping auditors analyze historical data, understand variances, estimate future trends, and suggest actions for improvement.

We will also highlight practical applications of these techniques in audits. From preliminary analytical reviews to detailed testing, we'll explain how auditors utilize data analytics to enhance their risk assessment and improve the overall quality of the audit. Additionally, we will touch on the role of automated data analytics in increasing efficiency, allowing auditors to focus on significant risks and complex areas.

Whether you are an auditor, a finance professional, or simply interested in tax and accounting practices, this video will provide you with a solid understanding of how data analytics is shaping the future of audits. Join us for this insightful discussion, and don’t forget to subscribe to our channel for more helpful content on tax and accounting practices.

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