Tag Archives: data analytics
AAA Confers on Technology Education
SHARE: State Board Report October University courses in data analytics are not tailored to the accounting profession, according to a PWC spokesperson who addressed the American Accounting Association’s September 7-8 conference on “Accounting IS Big Data.” Although there are strong data analytics programs at a number of universities, the key issue is that data scientists…
Bringing Data Analytics into Curriculum
SHARE: State Board Report July 2017 The time has come for accounting programs to include the study of data analytics, according to Dr. Hussein Issa of Rutgers University. Speaking at the Eastern Regional Meeting, Dr. Issa observed that while accounting firms can hire data analysts from outside accounting, it is more difficult to teach the…
Vasarhelyi Answers Analytics Questions
SHARE: State Board Report June 2017 Today’s accounting students are being shown videos that portray data analytics as a tool for current and future practice, but such practices have been a long time in coming for Dr. Miklos A. Vasarhelyi, director of the Rutgers Accounting Research Center, who started on “big data” projects for Bell…
PCAOB Considers Data Analytics’ Impact
SHARE: State Board Report May 2017 The threat of auditors’ over-reliance on data analytics was raised by Public Company Accounting Oversight Board Member Steven B. Harris at the April 20 joint conference of the PCAOB and the American Accounting Association. He cautioned: “…auditors should take care that they are not over relying on data analytics.…
Data Analytics Global Issue
State Board Report February 2017 Having reviewed the use of audit data analytics (ADA) in the six largest United Kingdom audit firms, the Financial Reporting Council released a report in January that recognizes these tools “are global in nature and in some circumstances may operate outside our geographic jurisdiction.” The FRC is calling for other…
SSAC Studies Data Analytics’ Impact
State Board Report February 2017 The use of data analytics to enhance the quality of audits is being given significant attention by the accounting profession, but what will this mean to the State Boards of Accountancy that are responsible for regulating the profession? That is the new charge that NASBA Chair Telford Lodden (IA) gave…