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(Solved): Cao, M, Chychyla, R. \& Stewart, T. (2015). Big Data Analytics in Financial Statement Audits. Acco ...
Cao, M, Chychyla, R. \& Stewart, T. (2015). Big Data Analytics in Financial Statement Audits. Accounting Horizons. 29(2): 423-429. Required: Review the above article (including any other relevant research) and discuss how Big Data Analytics can enhance external audits. You must also discuss the issues in implementing Big Data Analytics in external audits. (350 words)
Expert Answer
Answer: Big Data refers to data sets so large and complex that traditional data-processing software applications are not sufficient to deal with them. The key fact to keep in mind is that the concept is still continually evolving as digital transform