Content The application of analytical techniques in the (internal and external) audit process All the analytical techniques will be discussed in the context of case examples, because the emphasis is on the usage of statistics and the interpretation of results rather than the mathematics of specific techniques 3Ĥ Key Objectives Gain a managerial overview of various analytical techniques Understand how information systems are used in organizations and industries Gain understanding of the evolving scenario of big data audit Perceive the progressive convergence of analytical methods, information processing, and auditing Link audit analytics to corporate continuous monitoring and business process support 4ĥ Domains of knowledge to be attained Analytics techniques in the audit domain The usage of audit analytics tools (ACL&IDEA) The usage of statistical software (paid or public SAS, WEKA, R for example) Data extraction methods Statistical result interpretation 5Ħ Analytical techniques to cover Descriptive statistics Basic data analysis Benford s law Belief function Clustering Text mining Continuity Equations Data Visualization Duplicate analysis Sampling Regression Neural Network Process mining 6ħ Course Structure Online course (using Pearson ecollege as the platform for the course): no specific class hour Course materials (PowerPoint slides, lecture videos, and sample data) as well as discussion topics will be posted online at the beginning of each week, students can study the course materials and participate in the discussion at any time during the week. Provide theoretical foundation and applied demonstration for advanced audit methodologies. 1 Audit Analytics -An innovative course at Rutgers Qi Liu Roman ChinchilaĢ A new certificate in Analytic Auditing Tentative courses: Audit Analytics Special Topics in Audit Analytics Forensic Accounting Information Risk Management MACCY students may specialize in the area taking these courses as optionals Non-enrolled students may take the 4 course certificate independently 2ģ Audit Analytics (Fall 2012) Purpose Audit Analytics An innovative course in Rutgers Meet the demand for effective and efficient audit methodologies in profession.