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Audit of General Ledger with Halo

 

 

Reimagining your audit experience with Halo

Halo is a multi-tiered and multi-hosted server-based analytics platform that collects data directly from a client's financial information record system being audited by one or more PwC member firms. It then conducts various analytics on that data and reports analytical results for additional analysis and usage during the audit cycle.

Halo can test huge volumes of business-critical data, analysing whole populations, improving risk assessment, analysis and testing, and unlocking a wealth of insight. Halo is revolutionising our audits by harnessing the power of data.

1 billion + records can be processed in each instance of our Halo for Journals application­­

 

 

 

 

 

Top issues you may be facing

  • Using traditional audit, it is difficult to determine the unusual journal entries, eventually detecting fraud, particularly with large volumes of data.
  • Sharing of data can lead to data loss or data access to unauthorised people.
Tech Assurance

 

 


 

How can we help?

HALO redefines the way we do auditing and helps our clients gain better understanding, clarity, and accuracy. Halo data auditing tools test huge volumes of data, analysing whole populations to improve risk assessment, analysis and testing, and unlock a wealth of insight. There are Halo tools to meet the unique needs of companies from a GL analysis perspective.

We can help you with granular analysis of the GL transactions for audit or fraud purposes.

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The Halo audit experience

Risk assessment:
By zeroing in on potential sources of likely misstatement, Halo allows us to assess risks up and down the balance sheet and income statement.

Data analysis:
Your audit team can quickly navigate between 40+ content-themed visualisation dashboards and detailed data schedules, prompting more focused audit analysis and insights, based on your data.

New insights:
Surfaces financial and operational observations through the analysis of audit related data.

 

 


 

Key benefits

  • Enables a greater understanding of your business to enhance audit quality;
  • Provides you with insights using information we already receive as part of the audit using a combined trend and ratio analysis;
  • Highlights patterns and potentially higher risk transactions instantly, enabling a deeper understanding of your business and supporting more relevant conversations using visualisations;
  • Automates manual tasks leading to greater efficiency;
  • Ensures protection of client data:
    • During processing through a combination of logical access controls and data encryption;
    • Client data is purged from the Halo environment upon the instruction of the client engagement team as part of their year-end wrap-up procedures, consistent with PwC document retention policies;
  • Cheap but with easy to read dashboard with tremendous value information for business decision.


 


 

Tomorrow’s audit, today

The perfect blend of people + technology

Digitally upskilled audits that put quality first and result in insights for management and the business

That’s what drives us and it’s how we’re bringing the audit into the future. Led by people who have the passion and skills to make a difference. And enhanced by powerful technology. Discover how we’re reimagining the possible for you, and for companies around the world, every day.

Browse our audit tools

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Innovative technologies tailored to your technological maturity

Four unique, smart technologies - Aura, Halo, Connect and Extract - underpin the safety, insight and real-time capability of the audit

Aura

Driving quality and consistency through a risk-based approach.

Aura, our global ERP system, makes sure work gets done one way - the right way - globally and locally. It is used by over 100,000 auditors worldwide, on every PwC audit. Aura ensures our teams take a consistent, focused and efficient approach to audit risk. 

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How can Aura help in your audit?

  • A better understanding of your business due to end-to-end visibility of the audit process.
  • A greater focus on the things that matter thanks to a systematic risk-based approach.
  • Our pre-loaded risk software helps teams to identify the relevant risks and perform the right work to address them.
  • Consistency and quality of audit delivery across our entire client base.
  • Real-time monitoring of engagement quality and progress is available securely on mobile devices, anytime, anywhere.

Halo

Understanding your business and gaining deeper insights

Halo, our data auditing technology, tests huge volumes of business-critical data, analysing whole populations, improving risk assessment, analysis and testing, and unlocking a wealth of insight. Halo is revolutionising our audits by harnessing the power of data.

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How can Halo help in your audit?

  • Enables a greater understanding of your business to enhance audit quality.
  • A combined trend and ratio analysis provides you with insights using information we already receive as part of the audit.

 

  • Visualisations highlight patterns and potentially higher risk transactions instantly, enabling a deeper understanding of your business and supporting more relevant conversations.
  • Automation of manual tasks leading to greater efficiency.

Connect

Connecting people in real time.

Connect, our global coordination tool, provides fast, efficient and secure information sharing at every stage of the audit. It streamlines, standardises and automates real-time communication between your teams and ours, 24/7, wherever you are in the world.

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How can Connect help in your audit?

  • Better information exchange and document management using a secure, web-based tool.
  • Process efficiencies through consolidation and automation of notifications.
  • Safe and secure communication for your teams and ours.
  • Scalability - globally available for clients, small or large.
  • Significantly reduced document management effort.
  • Fast and efficient issue resolution due to real-time tracking.

Extract

Our suite of extraction tools standardises the way we communicate data requests and how we securely extract and transfer your data.

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How can Extract help in your audit?

  • Extracts large volumes of data with limited impact on your systems.
  • Returns standard data formats allowing automated transformation ready for analysis by our applications.
  • Eliminates the need for repeated, manual intervention through the data extraction process.
  • Encrypts and compresses the data during the extraction and transfer.
  • Provides end-to-end protection of your data.
  • An overall more efficient data acquisition process.


 

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Contact us

Julien Tyack

Julien Tyack

Partner, Risk Assurance Services, PwC Mauritius

Tel: +230 404 5210

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