Study of the Impact of the Big Data Era on Accounting and Auditing
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arXiv
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| Main Authors: | , , , |
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| Format: | Preprint |
| Published: |
2024
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| _version_ | 1866911793467621376 |
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| author | Sun, Yuxiang Li, Jingyi Lu, Mengdie Guo, Zongying |
| author_facet | Sun, Yuxiang Li, Jingyi Lu, Mengdie Guo, Zongying |
| contents | Big data revolutionizes accounting and auditing, offering deep insights but also introducing challenges like data privacy and security. With data from IoT, social media, and transactions, traditional practices are evolving. Professionals must adapt to these changes, utilizing AI and machine learning for efficient data analysis and anomaly detection. Key to overcoming these challenges are enhanced analytics tools, continuous learning, and industry collaboration. By addressing these areas, the accounting and auditing fields can harness big data's potential while ensuring accuracy, transparency, and integrity in financial reporting. Keywords: Big Data, Accounting, Audit, Data Privacy, AI, Machine Learning, Transparency. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2403_07180 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Study of the Impact of the Big Data Era on Accounting and Auditing Sun, Yuxiang Li, Jingyi Lu, Mengdie Guo, Zongying General Finance Big data revolutionizes accounting and auditing, offering deep insights but also introducing challenges like data privacy and security. With data from IoT, social media, and transactions, traditional practices are evolving. Professionals must adapt to these changes, utilizing AI and machine learning for efficient data analysis and anomaly detection. Key to overcoming these challenges are enhanced analytics tools, continuous learning, and industry collaboration. By addressing these areas, the accounting and auditing fields can harness big data's potential while ensuring accuracy, transparency, and integrity in financial reporting. Keywords: Big Data, Accounting, Audit, Data Privacy, AI, Machine Learning, Transparency. |
| title | Study of the Impact of the Big Data Era on Accounting and Auditing |
| topic | General Finance |
| url | https://arxiv.org/abs/2403.07180 |