Journal of Technologies Information and Communication

Journal of Technologies Information and Communication, 2020 - Volume 1 Issue 1, pp. 37-48

Published Online: 16 Jun 2020

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The way data is handled is radically changing the management and organizational processes. Nowadays the amount of information available is innumerable and is still growing, machines produce more useful information than humans and we can experience it through the Big Data phenomenon.This dissertation addresses the concept of Big Data and its applicability in financial auditing. The literature review allows us to analyse the advantages of applying Big Data in financial audit. Based on the empirical study developed, we will present the challenges that auditors will have to maximize these benefits in their audit process and the possible obstacles that auditors may face when using Big Data.The empirical study was based on qualitative and quantitative analysis, through inquiry and interviews. This allowed us to conclude that Big Data is fundamental in financial auditing, as it makes the auditor’s work more efficient, intelligent and effective, however our sample lead us also to the conclusion that auditors in Portugal are not prepared to incorporate Big Data in financial auditing.

Big Data Financial Audit

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