According to Accounting Today, Marcum’s technology arm has released a new data analytics product for audits. Questions: What is the product called? How will it help auditors? Give examples. How can it help clients? Give examples. Will it eliminate the need for auditors or accountants? Explain its costs/benefits for future firm interactions. Source: Arrowsmith, R…. Read more »
Posts Tagged: data analytics
BrewRight? A trade secret?
According to the Wall Street Journal, Anheuser-Bush InBev SA, the world’s largest brewer, has developed a machine-learning technology that can identify risky business partners and potentially illegal payments. Questions: How does the analytics platform, named Brew Right, proactively monitor legal risks and prevent violations? How do companies typically examine the compliance practices of acquired businesses?… Read more »
Lying and CEOs – New Analytics
According to Business Insider, a software company called Amenity Analytics (AA) reviews earnings call transcripts, press releases, company research and more to try and help hedge funds spend less time looking for important nuggets of information and more time trading. Now they have turned their attention toward truth-telling by CEOs. Questions: 1. What type of… Read more »