Discussion #4 Driving Faster DecisionsForum https://www.journalofaccountancy.com
ID: 348192 • Letter: D
Question
Discussion #4 Driving Faster DecisionsForum
https://www.journalofaccountancy.com/issues/2015/apr/data-driven-auditing.html
Journal of Accountancy Discussions” – a link to a journal will be provided through Moodle the expectation is to write a 12-15 sentence on your thoughts. Does it apply to your current work situation, have you had experience or examples, do you agree or disagree with the article. . This is all done on-line. Please post your initial response by Thursday of the week due and student comments by Sunday. Remember this is graded please correct grammar, write in complete sentences, and provide detailed information
Explanation / Answer
This article is specifically correct for the current organisations. Organisations in current situation are enabling faster data monitoring system which increases the overall which of the organisation to enable them self for creating faster decisions for the highly fast moving market. According to this specific article adoption of the continuous improvement is very necessary ascott provide advanced support to the overall structure of the organisation in Rapid decision making.
Continuous auditing and monitoring also affects the organisation overall structure as it provides continuous utility of measuring and understanding the market situation of the organisation. Proper collaboration with the function as well as management of the organisation increase the compatibility of the decision making. By using the big data, this decision making process is enhanced and different measurement techniques are applied for better decision making for the organisations.
Audit also limits overall frauds inside your organisation. Continuous auditing definitely helps an organisation to develop a more transparent structure which benefits organisations in a positive way.