Eight Issues on Audit Data Analytics We Would Like Researched

ABSTRACT

Data analytics has been emphasized as an effective tool in audit engagements. However, both our understanding and the use of data analytics in audit engagements are limited. The objective of this paper is to draw academic researchers' attentions to the issues of data analytics identified by an experienced practitioner in the field. These issues range from standards and the framework of data analytics to the use of data analytics in different phases of audit engagements and the corresponding consequences. The use of external data, sample versus population, and reliance on the work of internal auditors are also discussed. By addressing these issues, academic researchers can not only provide solutions to the field but also contribute to the knowledge body of academic literature.

Keywords:  data analytics, computer-assisted audit techniques, IT audit

Article Citation:

Tawei Wang and Robert Cuthbertson (2015) Eight Issues on Audit Data Analytics We Would Like Researched. Journal of Information Systems: Spring 2015, Vol. 29, No. 1, pp. 155-162.