Auditing Paper Assignment
Topic: Benefits of data analytics for external audit.
Term Paper Outline
Thesis Statement: There exist benefits of data analytics for external audit.
1) The value to the audit comes from the analysis
i) Using external market price to re- price investments
ii) Interest and foreign exchange rates, changes in GDP, and other growth metrics can also be used in analytical procedures.
2) Data analytics could enhance audit quality
i) The ability to graphically visualize results
ii) Ease of use by non-specialists
iii) Scale and speed
3) Data analytics work best where a business has been through a process of transformation
i) Communications becoming easier
ii) Audit effort being spread over the year rather than concentrated at the year end.
References
American Accounting Association. Auditing. [Sarasota, Fla.]: [Auditing Section of the American Accounting Association], 1981.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.