Abstract

Data analytics plays an important role in all different industries. Companies adapt their routine to data analytics-based strategies to stay on top of the competitive trend. Accounting profession has been turned into a technology-oriented future and will continuously add inputs into the profession transition. When we look forward to the future of audit in the year 2025, employers show strong demand for auditors who can master sophisticated technologies for data gathering and analysis to help companies identify risks, make more accurate predictions and enhancing the transparency of information [1]. Powerful data analytics tools will become mandatory for companies and serve as the springboard for the future of tax by allowing tax departments to use data to manage risks, minimize costs, discover opportunities and refine business decisions [2].