External Audit Assistant-Audit Guidance and Analysis

Example

Automatically identifying deviations in financial trends such as unexpected decreases in revenue or increases in expenses.

Scenario

In the audit of a retail company, the tool flags a significant unexplained increase in inventory costs, prompting a detailed investigation into potential inventory mismanagement or valuation issues.

Example

Generating structured draft memos, management reports, and audit findings reports.

Scenario

For a manufacturing firm, the tool drafts an audit findings report highlighting issues like non-compliance with revenue recognition standards, complete with references to relevant IFRS standards.

Example

Providing real-time guidance on IFRS and ISA standards during the audit process.

Scenario

When auditing a multinational corporation, it offers advice on complex matters like cross-border financial reporting and consolidations, ensuring the audit team adheres to applicable standards.