Data Analytics in Accounting Firms
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Questions and Answers

What is the main focus of data analytics?

  • Cleaning and transforming data
  • Optimizing productivity
  • Extracting useful information (correct)
  • Being a business advisor
  • What skills are becoming increasingly important for new accountants?

  • Technical coding skills
  • Marketing skills
  • Project management skills
  • Professional skepticism, judgement, and critical thinking skills (correct)
  • Why are accounting firms quickly aligning with market demand to incorporate data analytics into their business models?

  • To reduce the need for human accountants
  • To remain competitive in the accounting job market (correct)
  • To increase the workload for accountants
  • To decrease the importance of analytical skills
  • What is the role of the new accountant shifting into?

    <p>Business advisor</p> Signup and view all the answers

    According to the Journal of Accountancy’s article, what do CPAs need to adapt to in an increasingly data-driven world?

    <p>Technological disruptions</p> Signup and view all the answers

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