Audit data analytics (ADAs) comprise a technique that can help you leverage current technologies and move toward a more data-driven approach to planning or performing an audit.
ADAs can help you discover and analyze patterns, identify anomalies and extract other useful information from audit data through analysis, modeling and visualization. You can use ADAs to perform a variety of procedures to gather audit evidence.
This new technique can provide you with a greater understanding of what’s happening in your client’s organization and often can analyze an entire population of data instead of just a sample. Find out how 5 steps can get you started with ADAs.