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A systematic literature review of the role of big data analysis in financial auditing/ Iyad Hosni Mohammed Ismail and Fathilatul Zakimi Abdul Hamid

Big data analysis is increasingly important in financial auditing, yet its application in audit engagements lags behind. Despite the belief that data analysis will shape auditing in the future, limited publications have explored this transformative potential. This study investigated the role of big...

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Main Authors: Mohammed Ismail, Iyad Hosni, Abdul Hamid, Fathilatul Zakimi
Format: Article
Language:English
Published: Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2024
Subjects:
Auditing. Auditors
Auditing
Online Access:https://ir.uitm.edu.my/id/eprint/103384/2/103384.pdf
https://ir.uitm.edu.my/id/eprint/103384/
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spelling my.uitm.ir.1033842024-09-30T03:55:31Z https://ir.uitm.edu.my/id/eprint/103384/ A systematic literature review of the role of big data analysis in financial auditing/ Iyad Hosni Mohammed Ismail and Fathilatul Zakimi Abdul Hamid mar Mohammed Ismail, Iyad Hosni Abdul Hamid, Fathilatul Zakimi Auditing. Auditors Auditing Big data analysis is increasingly important in financial auditing, yet its application in audit engagements lags behind. Despite the belief that data analysis will shape auditing in the future, limited publications have explored this transformative potential. This study investigated the role of big data analysis in auditing, and the opportunity to depict the development of this study trend and predict its future growth prospects in future audit assignments. Opportunities for and challenges of future auditing research have also been covered. The use of data analytics in auditing has a great deal of promise to improve audit quality, reduce errors, increase process transparency, and boost stakeholders' credibility. Researchers grounded upon the systematic literature review (SLR) using the PRISMA approach of 97 scientific articles extracted from Scopus and other scientific databases between the years 1990 and 2023. Analysis outcomes revealed the importance of IT knowledge, data categorization, and diverse skills for effective utilization. Challenges include data volume, lack of standards, and negative perceptions. Integration of advanced technologies like robots, AI, and blockchain showed promise for revolutionizing auditing and enhancing cybersecurity. Data specialists and digital tools improve efficiency and decision-making. Factors influencing the adoption and implementation of big data analysis in audits were identified. Implications, limitations, and future research directions are discussed for further investigation into enhancing audit processes and decision-making in the digital age. Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam 2024-08 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/103384/2/103384.pdf A systematic literature review of the role of big data analysis in financial auditing/ Iyad Hosni Mohammed Ismail and Fathilatul Zakimi Abdul Hamid. (2024) Management & Accounting Review (MAR) <https://ir.uitm.edu.my/view/publication/Management_=26_Accounting_Review_=28MAR=29/>, 23 (2): 14. pp. 321-350. ISSN 2550-1895
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Auditing. Auditors
Auditing
spellingShingle Auditing. Auditors
Auditing
Mohammed Ismail, Iyad Hosni
Abdul Hamid, Fathilatul Zakimi
A systematic literature review of the role of big data analysis in financial auditing/ Iyad Hosni Mohammed Ismail and Fathilatul Zakimi Abdul Hamid
description Big data analysis is increasingly important in financial auditing, yet its application in audit engagements lags behind. Despite the belief that data analysis will shape auditing in the future, limited publications have explored this transformative potential. This study investigated the role of big data analysis in auditing, and the opportunity to depict the development of this study trend and predict its future growth prospects in future audit assignments. Opportunities for and challenges of future auditing research have also been covered. The use of data analytics in auditing has a great deal of promise to improve audit quality, reduce errors, increase process transparency, and boost stakeholders' credibility. Researchers grounded upon the systematic literature review (SLR) using the PRISMA approach of 97 scientific articles extracted from Scopus and other scientific databases between the years 1990 and 2023. Analysis outcomes revealed the importance of IT knowledge, data categorization, and diverse skills for effective utilization. Challenges include data volume, lack of standards, and negative perceptions. Integration of advanced technologies like robots, AI, and blockchain showed promise for revolutionizing auditing and enhancing cybersecurity. Data specialists and digital tools improve efficiency and decision-making. Factors influencing the adoption and implementation of big data analysis in audits were identified. Implications, limitations, and future research directions are discussed for further investigation into enhancing audit processes and decision-making in the digital age.
format Article
author Mohammed Ismail, Iyad Hosni
Abdul Hamid, Fathilatul Zakimi
author_facet Mohammed Ismail, Iyad Hosni
Abdul Hamid, Fathilatul Zakimi
author_sort Mohammed Ismail, Iyad Hosni
title A systematic literature review of the role of big data analysis in financial auditing/ Iyad Hosni Mohammed Ismail and Fathilatul Zakimi Abdul Hamid
title_short A systematic literature review of the role of big data analysis in financial auditing/ Iyad Hosni Mohammed Ismail and Fathilatul Zakimi Abdul Hamid
title_full A systematic literature review of the role of big data analysis in financial auditing/ Iyad Hosni Mohammed Ismail and Fathilatul Zakimi Abdul Hamid
title_fullStr A systematic literature review of the role of big data analysis in financial auditing/ Iyad Hosni Mohammed Ismail and Fathilatul Zakimi Abdul Hamid
title_full_unstemmed A systematic literature review of the role of big data analysis in financial auditing/ Iyad Hosni Mohammed Ismail and Fathilatul Zakimi Abdul Hamid
title_sort systematic literature review of the role of big data analysis in financial auditing/ iyad hosni mohammed ismail and fathilatul zakimi abdul hamid
publisher Accounting Research Institute (ARI), Universiti Teknologi MARA, Shah Alam
publishDate 2024
url https://ir.uitm.edu.my/id/eprint/103384/2/103384.pdf
https://ir.uitm.edu.my/id/eprint/103384/
_version_ 1811598359819976704
score 13.211869

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