How are predictive tools used in public accounting?

[Gualigee]

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. 

[jasonkan]

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.

[Gualigee]

I found some websites, I hope they are helpful.

https://www.irs.gov/pub/irs-soi/05raub.pdf

https://go.gale.com/ps/anonymous?id=GALE%7CA76334492&sid=googleScholar&v=2.1&it=r&linkaccess=abs&iss...

https://userresearch.blog.gov.uk/2019/08/19/using-a-b-testing-to-improve-hmrc-services/

https://pdfs.semanticscholar.org/02f1/5b1c43aebd470e32d6eb27eedf2d2b7dc8e9.pdf

https://docplayer.net/19730136-Forecasting-annual-tax-revenue-of-the-south-african-taxes-using-time-...

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

[Gualigee]

I decide to take the predict master exam 🙂

[Gualigee]

Attached is Becker AUD 4.1 BEC 4.0 content related to D&A