A Picture Is Worth a Thousand Words: Audit Efficiency and Risk Management Through Data Visualization

Lutfa Tilat Ferdous (), Chetanpal Singh () and Tarek Rana ()
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Lutfa Tilat Ferdous: University of Leicester
Chetanpal Singh: RMIT University
Tarek Rana: RMIT University

Chapter Chapter 2 in Handbook of Big Data and Analytics in Accounting and Auditing, 2023, pp 17-39 from Springer

Abstract: Abstract The chapter aims to discuss impact of data visualization on auditors’ analytical procedures and propose practical approaches to address audit efficiency through data visualization techniques. To ensure that efficient presentation of data improves audit efficiency and effectiveness, it is essential that auditors are aware of and effectively apply data visualization techniques in auditing. This chapter presents more profound data visualizations applications in audit procedures that can assist auditors in finding data discrepancies for improving audit risk management through insight development capacity. Further, this chapter considers numerous data visualization analysis tools that audit professionals can use in their specific audit procedures. Finally, this chapter provides avenues for future research in audit data analytics and recommends future research that will allow auditors to realize how technology-driven data visualization tools interact with the audit's standard features.

Keywords: Data visualization; Audit analytics; Analytical procedures; Audit efficiency (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-4460-4_2

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DOI: 10.1007/978-981-19-4460-4_2

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