1. Deanna's Delights, Inc.: Data Analytics in the Audit of the Procurement Cycle.
- Author
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Paz, Veronica, Souza, J. L., and Weinberger, Andrew
- Subjects
- *
INTERNAL auditing , *DATA analytics , *BIG data , *AUDIT trails , *AUDITING procedures - Abstract
Auditing has increasingly focused on data analysis techniques to examine large data sets. This now occurs in all three phases of a financial statement audit: planning, testing and gathering evidence, and final review. Many audit activities use limited or cleaned data and guide students through routine data analytics processes. This case presents students at various levels of mastery of data analytics, suitable for an introduction to the concept and for more experienced students. It introduces the concepts of auditing and internal control processes to introduce them to the need for critical thinking and problem-solving. Students are given a complex case and determine their own testing procedures. They then perform those tests on the data to learn the value and limitations of data analytics in audit risk assessment. [ABSTRACT FROM AUTHOR]
- Published
- 2024