Case Study 4
How Agentic AI and Synthetic Data Are Changing Auditing for a Global Advisory Leader

Modern methods that reduce effort and enhance review accuracy

THE CORE BUSINESS CHALLENGE

The client, a globally recognized tax and advisory services leader, faced challenges in conducting comprehensive financial audits due to time constraints, data complexities, and reliance on manual efforts. These limitations often led to selective audits, leaving room for potential inaccuracies and errors. A robust, AI-powered solution was needed to address these inefficiencies, ensure accuracy, and improve audit workflows.

Optimize Productivity in Audit Operations: Manual processes like financial statement comparisons and matching tasks slowed down the audit cycle significantly.
Ensure Complete Accuracy: Traditional selective audit methods exposed vulnerabilities to discrepancies and financial irregularities, requiring a more thorough and precise approach.
Enhance Operational Efficiency: Reduce time-intensive repetitive tasks and enable auditors to focus on strategic assessment and reporting.

HOW WE SOLVED IT

To tackle these issues, the client implemented a next-generation multi-agentic AI auditing platform that streamlined operations and elevated productivity. This tailored platform, powered by agentic AI cohorts, automated repetitive tasks and assisted auditors in identifying discrepancies with unmatched accuracy. By integrating a modular and scalable AI framework, the solution also ensured adaptability to the evolving needs of the client’s operations.

The platform provided a digital twin for auditors, which acted as a real-time assistant to improve productivity while maintaining audit accuracy. With this advanced AI-first solution, the client achieved global scalability and full audit coverage, delivering prompt and error-free results.

Adopted Pre-trained Agentic AI Cohorts: Automated repetitive tasks such as 3-way matching, GL scheduling, and expense vouching with precision.
Enhanced Audit Accuracy: Delivered 100% proportional financial audit coverage, identifying discrepancies effectively and ensuring compliance.
Integrated Flexible AI-driven Architecture: Scalable modules allowed seamless adaptation to various business and regulatory needs.
Accelerated Financial Analytics: Enabled real-time insights and decision-making by unifying data sources and automating report generation.

RESULTS AND VALUE

The implementation of generative AI in audit operations significantly improved productivity and accuracy for the client. The results established the platform as a game-changer, elevating both efficiency and reliability across global financial audits. By leveraging these innovations, the client achieved faster audits with consistent quality, providing their customers with a competitive edge in the market.

Achieved 50% Faster Audits with 100% Accuracy: Reduced audit time while ensuring complete error elimination, instilling trust and confidence in financial outcomes.
Boosted Productivity by 35-50%: Automated workflows freed human auditors to focus on strategic tasks, enhancing operational efficiency.
Set a Foundation for Scalable Innovation: Established a roadmap for sustained AI-driven advancements across the client’s auditing processes.

AI IN ACTION

This initiative highlighted the versatility of enterprise AI by implementing solutions such as:

Automated matching workflows for reconciling complex financial records such as liabilities and expenses.
Generative AI-powered document processing tools for handling unstructured data formats like PDFs and HTML.
Synthetic data generation capabilities to build realistic global testing environments.
Scalable architecture to enable seamless AI adoption and operational flexibility.

With AI at the core of their process transformation, the client is well-positioned for future advancements while maintaining impeccable audit efficiency.