Big Data Analytics and the Future of Auditors

Abstract

Big data analytics means the sophisticated technology that is used to extract the required information from the big data. 3Vs constitute big data. They are namely volume, variety and velocity. Big data analytics can solve the limitations in auditing like test checking. So the new millennium auditor should be an analytics professional too. Otherwise he will be out of the market, because survival of the fittest is the slogan of the market. If big data analytics included in auditing, the entire process will become a false proof one.