Big Data in Accounting: An Overview

SYNOPSIS This paper discusses an overall framework of Big Data in accounting, setting the stage for the ensuing collection of essays that presents the ongoing evolution of corporate data into Big Data, ranging from the structured data contained in modern ERPs to loosely connected unstructured and semi-structured information from the environment. These essays focus on the sources, uses, and challenges of Big Data in accounting (measurement) and auditing (assurance). They consider the changing nature of accounting records and the incorporation of nontraditional sources of data into the accounting and auditing domains, as well as the need for changes in the accounting and auditing standards, and the new…