Audit data analytics alert: Talking to your audit clients about data analytics
Learn more about audit data analytics and how to engage in productive dialogue with your clients to promote increased use of data analytics into the audits of financial statements.
This alert is intended to help auditors initiate productive dialogue with their audit clients on how to increase the use of audit data analytics (ADA) in their audits of financial statements. It provides practical questions and answers to support the important discussion with clients on ADA.
This alert will:
- define and provide practical examples of ADA
- provide potential benefits of increased use of ADA
- discuss potential implications on the audit and engagement team
- discuss the importance of protecting the integrity and security of client data