What guides our audit technology strategy? We balance the operational and aspirational, investing ahead of the curve. Pivoting as new technology comes to market, we assess learnings from ongoing initiatives, aligning along the way with our global assurance ecosystem and audit methodology to bring technology to market at scale. Combined with our continual commitment to upskilling our people, we can deliver exceptional quality, time-savings, and deeper insight.
Key to delivering an audit that’s smart and streamlined, our Extract suite lets us seamlessly and securely ingest your data one time, so we can use it throughout the audit, saving time and rework. It’s flexible, with tools that work with any system—whether standard ERP or homegrown.
of our eligible audit clients are currently on track to benefit from our automated extraction process
Locally or remotely, securely ingests a copy of ERP data to our cloud-based data lake.
Optical character recognition and machine learning “read” unstructured data in leases, contracts, and more.
For non-standard systems, our easy-to-use process and tools help to accelerate the ingestion of data.
Our Halo data auditing tools test huge volumes of data, analyzing 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 in different industries.
Records can be processed in each instance of our Halo for Journals application
By zeroing in on potential sources of likely misstatement, Halo allows us to assess risks up and down the balance sheet and income statement.
Visualizations highlight patterns and potentially higher risk transactions, as well as the impacts of scoping judgments in multi-location audits.
Surfaces financial and operational observations through the analysis of audit related data.
Think of our cloud-based Aura platform—used on every PwC audit across the globe—it’s our audit ERP where we build and execute the audit plan: right-sized for our clients’ businesses.
Auditors across the PwC Network use Aura to drive quality and consistency
Explore different scenarios to address risk levels, through control reliance and substantive testing.
Digitized workpapers provide standardization and intelligence to guide the audit team, while dashboards and workflow enable them to collaborate seamlessly.
Interconnected flowcharting and walkthroughs facilitate seamless understanding of business processes for our risk-focused audit approach.
It’s where our clients’ teams and ours can be in touch 24/7 and where they see real-time status updates—even from their phone. One-stop for everything audit, across all locations.
Requests via 87,000 instances of Connect across the PwC Network
No more phone- and email-tag thanks to a one-stop communications portal. Real-time tracking means delays or issues can be quickly spotted and resolved.
Web-based portal works on a phone or tablet, so our clients and audit teams can stay informed on the go.
For multi-location audits, our teams can track adjustments, control deficiencies and regulatory reporting all in one place.
Trust. Quality. Innovation. What does one have to do with the others? Everything. We need confidence in the machines that make our work more efficient, as much as we do in the people who harness them. That’s why we are facing digital disruption head on. To reimagine the audit with equal parts automation and human experience. And ushering in an experience revolution for you and your team. That’s tomorrow’s audit, today.
How PwC's ongoing investments in people and technology helped deliver high quality, virtual audits without missing a beat.