Naslov
Application of advanced data analytics in the audit process

Autori
Mršić, Leo ; Petračić, Sanja ; Balković, Mislav

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, ostalo

Knjiga
Intelligent Computing and Optimization - Proceedings of the 2nd International Conference on Intelligent Computing and Optimization 2019 (ICO 2019)

Urednik/ci
Pandian Vasant, Ivan Zelinka, Gerhard-Wilhelm Weber

Izdavač
Springer

Grad
Zürich

Godina
2020

Raspon stranica
521-530

ISBN
978-3-030-33585-4

Ključne riječi
Smart audit, Audit, Data analytics, Advanced visualization, Process automatization, Artificial intelligence

Sažetak
The audit profession has not changed much through history. Impact of technology and advanced analytics applied in audits today can be best shown through banking audits and loan review process. Several authors designed tools to leverage the power of advanced analytics, to identify and analyze risks in loan portfolios, to inspect data integrity, prepare a tailored audit plan, and to communicate the results of audits to clients with more impact and insight. After deployment of such tools, audit of the loan review process is going through change, especially in time resources that are saved. Instead of testing a limited number of randomly selected samples, auditors can toady analyze in detail the entire population of transactions. While it is clear that lower level accounting and auditing skills can easily be replaced by technology, human ability to understand, interpret and react in a business situation cannot be replaced by technology.

Izvorni jezik
Engleski

Znanstvena područja
Računarstvo, Informacijske i komunikacijske znanosti

POVEZANOST RADA