Application of Data Analysis and Big Data in Auditing

Vahid Biglari () and Zahra Pourabedin ()
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Vahid Biglari: University of Newcastle Singapore
Zahra Pourabedin: James Cook University

A chapter in Community Empowerment, Sustainable Cities, and Transformative Economies, 2022, pp 111-128 from Springer

Abstract: Abstract The rapid advancement in technology and increase in business information has challenged traditional auditing methods. This paper aims to review big data analysis and its integration in the audit process. The research uses secondary research to systematically review the literature on big data analysis in the accounting profession. The findings show that auditors rely on big data analysis tools to increase the depth and quality of their assurance services. Hence using big data analysis helps to promote legitimacy and social trust to auditing firms. Despite the relative growth of technology in the auditing profession and extensive research in the big data analysis field, there are not enough academic studies on big data analysis. This research is among the first to examine and clarify big data analysis in auditing and the challenges and opportunities that arise from it.

Keywords: Audit; Big data; Big data analysis; New technologies; Social legitimacy (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-5260-8_8

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DOI: 10.1007/978-981-16-5260-8_8

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