Topic 1: This week we are looking more specifically at how big data is used in accounting. Using the library or other authoritative sources, select one accounting related agency like the IRS, SEC, FASB, ACFE, etc. and research and discuss how the agency you selected is using big data and data analytics in practice. Be sure to provide specific examples to support your ideas. Also, discuss other applications of data analytics associated with the agency you selected that you think should be implemented and why. Try and select a different agency from your classmates.
Topic 2: Do some research on the upcoming changes to the CPA exam regarding the testing of data analytics including the exam format. Do you think these changes are appropriate or do you think less or more emphasis should be placed on data analytics to comply with the demands of future CPAs? Do you think these changes are comparable to other professional certifications such as CMA, CFE, EA etc? As part of your research visit the AICPA’s website: ThisWaytoCPA.com
