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• Performing more transparent and efficient audits using Bayesian statistics

  Type: Research

  Publication date: 3/17/2023

  Auditors are able to work more transparently and efficiently by using Bayesian statistics. That is the main conclusion of Koen Derks’ research, who obtains his doctorate from Nyenrode Business University today. Techniques to apply Bayesian statistics in the audit have been made freely accessible by Derks, through the open-source program JASP. “Auditors should be bold enough to deviate from ways already paved more often.”

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