What is currently available?
We have already seen results from the robotics solutions built to essentially complete the audit of transactional accounts, as demonstrated in the embedded video.
We intend to apply this technology in our audit of revenue. We believe that in the longer term, this solution could be used for a variety of P&L and balance sheet testing, reducing time spent on manual tasks by both GAIP management and the audit team.
Further, we have developed an automated process for bank confirmations via confirmations.com. For all banks that work on the confirmations.com platform, we have an automated process to request, follow up and flag any issues as they arise.
Lastly, our data analytics capability allows us to focus on the areas that matter, discover abnormalities, identify areas of risk as well as areas of opportunity.