00:01
Hello students, here is a question.
00:02
With so much of data available in a business, not just an auditor have explored the way to use more information to support a business decision.
00:12
So understanding the potential of disruptive impact of a data analytics, so which of the following was not identified as a potential benefits for the entity? so here we have an option.
00:25
The first is increasing, increasing revenue by using external market, external market data and internally produced sales data to identify potential market opportunities, potential market opportunities and present the information in such a manner, in such a manner that clearly identifies the opportunities.
01:30
And the second option is audit risk, audit risk assembly, sorry, audit risk assessment by reviewing, by reviewing process and identifying controls over inherent risk.
02:02
And the third option says identifying obsolent inventory by using analytics software to develop a dashboard that allows management to drill down, management to drill down into the data, into the data to identify obsolete inventory highlighted in the dashboard.
03:09
So when it comes to an option d, it is streamlining internal process by using a data, by using a data to analyze internal process to identify overlaps and gaps to improve, improve the efficiency of data flows, efficiency of data flows.
03:59
So these are the options we have.
04:00
So let us discuss the answer now.
04:03
Increasing the revenue by using an external market data and internally produces a sales data to identify the potential market opportunity and presents the information such as a manner is clearly identify the opportunities.
04:17
So this identify a potential benefits of an entity...