I wonder how predictive tools are used in public accounting?
I saw AICPA's website has such topics in the CPE course.
https://www.aicpa.org/cpe-learning/forecasting-and-predictive-analytics-certificate
In addition, future CPAs are required to have predictive analytics skills as indicated in the CPA Evolution Model Curriculum.
https://thiswaytocpa.com/program/modelCPAcurriculum/
Any insights would be appreciated.
Good question, I would like to know the answer too. But from my experience working at 2 of the Big 4 accounting firms, I hardly saw any use of predictive tools. Accounting by definition looks at historical data, but predictive can potentially be a huge value add.
I found some websites, I hope they are helpful.
https://www.irs.gov/pub/irs-soi/05raub.pdf
https://userresearch.blog.gov.uk/2019/08/19/using-a-b-testing-to-improve-hmrc-services/
https://pdfs.semanticscholar.org/02f1/5b1c43aebd470e32d6eb27eedf2d2b7dc8e9.pdf
https://digitalscholarship.unlv.edu/cgi/viewcontent.cgi?article=1289&context=grrj
https://community.dynamics.com/business/b/financials/posts/enhanced-cash-flow-forecasting
https://www.ttn-taxation.net/pdfs/Speeches_NewYork_2012/N08-MiklosVasarhelyi.pdf
https://towardsdatascience.com/building-linear-regression-models-with-alteryx-6a43df39e254
https://www.taeconomics.com/what/featured-solutions/valuation-forecasting-support