An inside look at how auditors in Canada are using data analytics
Why and how are Canadian auditors using audit data analytics (ADA)? Has such use been effective? How are client management and audit committees reacting to such use? These are some of the matters explored in a recent initiative undertaken by CPA Canada's ADA Committee.
The initiative involved CPA Canada holding a series of interviews with engagements teams from nine participating public accounting firms ranging in size from very small to very large to discuss use of data analytics on specific audit files.