Read this audit data analytics alert to better understand audit data analytics and the drivers, opportunities and hurdles to overcome in integrating more extensive use of data analytics into the audit of financial statements.
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Auditors need to respond to ever-increasing and diverse uses of information technology by audited entities. More use of technology-enabled data analytics is an important aspect of that response.
Auditors and others are encouraged to read this alert and consider further integrating or exploring the use of technology-enabled audit data analytics into the audit of financial statements.