PwC’s market-leading technology has been recognised for the second year running with the prestigious Audit Innovation of the Year award at International Accounting Bulletin Awards 2017.
We are very proud to have received these awards which recognise organisations that have made a major change in improving audit quality, efficiency or added value to clients.
In 2016, our data-auditing tool Halo won the award.
Halo is revolutionising our audits, enabling greater assurance and deeper insight by harnessing the power of data. It scans huge volumes of business-critical data, enabling improved risk assessment, analysis and testing, and unlocking insight.
Find out more about Halo and other PwC audit technologies by downloading Technology in the PwC Audit booklet.
GL.ai was named the ‘Audit Innovation of the Year’ by the International Accounting Bulletin in 2017.
PwC has made a significant investment in pioneering artificial intelligence (AI) for the audit. GL.ai, a revolutionary bot, was developed by a team of our best auditors working with a leading-edge Silicon Valley AI company. It uses AI and machine learning to ‘x-ray’ a business and provide unprecedented insight, analysing billions of data points in milliseconds and applying judgement to detect anomalies and unusual accounting activity in the general ledger.
The tool is in prototype phase and is being trialled on audits in selected countries.