Description
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
Running head: IMPACTS OF PREDICTIVE ANALYTICS ON AUDITING
Impacts of Predictive Analytics On Auditing
Student’s Name
Institutional Affiliation
1
IMPACTS OF PREDICTIVE ANALYTICS ON AUDITING
Impacts of Predictive Analytics on Auditing
Technology Description
Over the years, Auditing has been using past data to evaluate the company performance
reflected in various financial statements. However, technologies are changing, and methods of
data analysis are consequently taking a different direction. The use of current technology in
Auditing has increased operational efficiency in organizations (Insights, 2018). Auditors can
incorporate various technologies in Auditing to enhance their performance in data analysis.
Among the standard technologies used in Auditing is Predictive Analytics, which uses a
technological technique to make predictions using probabilities.
Predictive analytics is a new technology in Auditing that allows the auditors to make
predictions on a company's performance. It is ba...