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

In: Handbook of Big Data and Analytics in Accounting and Auditing

Author

Listed:
  • Lutfa Tilat Ferdous

    (University of Leicester)

  • Chetanpal Singh

    (RMIT University)

  • Tarek Rana

    (RMIT University)

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.

Suggested Citation

  • Lutfa Tilat Ferdous & Chetanpal Singh & Tarek Rana, 2023. "A Picture Is Worth a Thousand Words: Audit Efficiency and Risk Management Through Data Visualization," Springer Books, in: Tarek Rana & Jan Svanberg & Peter Öhman & Alan Lowe (ed.), Handbook of Big Data and Analytics in Accounting and Auditing, chapter 0, pages 17-39, Springer.
  • Handle: RePEc:spr:sprchp:978-981-19-4460-4_2
    DOI: 10.1007/978-981-19-4460-4_2
    as

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