Audit data analytics
Audit data analytics uses automated methods to analyse data, identify patterns or exceptions and support audit procedures. The auditor evaluates whether the data is complete and reliable, the tool is appropriate and exceptions are investigated.
Worked example
The auditor analyses all journal entries for unusual manual postings near year end, then follows up selected exceptions.
Common mistake
Analysing every record does not eliminate the need to understand data quality, test the procedure and exercise judgement.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |
| ACCA | AAA (INT) | Direct | September 2026–June 2027 |