This video is meant to illustrate how the AICPA’s Audit Data Standards facilitate the use of data analytics in the financial statement audit. This video focuses on a popular open-source programming language, Python, and how it can be used to perform certain financial statement audit procedures. More specifically, this video will help users gain an understanding of how to use Python to do the following:
Convert a trial balance and general ledger data set to the standardized ADS format.
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