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Tomorrow’s Audit, Today

A perfect blend of people + technology

Quality first, purpose always. That’s what drives us today and it’s how we’re bringing the audit into the future. Led by people who have the passion and skills to make a difference. And enhanced by powerful technology.

Discover how we’re reimagining the possible for you, and for companies around the world, every day.

 

Welcome to your new audit experience

Delivering
exceptional
quality

Saving you
time

Giving you
deeper insight

A perfect blend of people + technology

Explore the six benefits of tomorrow’s audit, today.

People-powered

Our team’s audit and digital IQ delivers high quality, exceptional service and new insights

Bringing the best of human and machine to your audit. We’re making big investments in people and technology. The result: auditors who are digitally upskilled and continually looking for ways to bring innovation along with the integrity, independence, and professional scepticism you expect—digital problem solvers for your audit.

How we do it

We call it citizen-led innovation, a unique approach for equipping our people with new skills and giving them the tools and freedom to put this learning to work. Ask us about what we’ve learned and how we use our Digital Lab, a virtual space where our people can collaborate, create, and share audit automations.

Precise

Right-sizing your audit with relevant audit plans, targeted testing, and enhanced quality

We deliver a risk assessment that’s as unique as your business. Using Aura and our Halo suite of tools to analyse your data, we can prioritise the most relevant financial reporting risks.

How we do it

Our Aura auditing platform delivers an audit more tailored to your business, and is used globally across all of our audits. A more targeted audit plan specifies risk levels, controls reliance, and substantive testing. And our Halo data auditing suite enables us to analyse your data to better spot anomalies and areas of potential risk.

Transparent

A real-time view across the globe

Track progress and stay in touch with us through our Connect platform. It eliminates the need to track countless emails and you’ll also be able to see the status of audit requests, adjustments, control deficiencies, and statutory audit progress for all global locations—in real time.

How we do it

Collaborative workflow tools automatically flag and track outstanding items and issues for more immediate attention and resolution. You have a real-time view into audit progress, anytime, anywhere. This process continues through our time-tested, world-class issue resolution process.

Efficient

Less data prep, more automation saves you time

We’ll reduce the time you spend on the audit by automating manual tasks and streamlining workflow. We can also phase work throughout the year so audit season is less hectic. Together, we can complete much of the audit earlier, minimising last minute requirements and providing more timely issue resolution.

How we do it

Specialists are devoted to areas of the audit, such as cash and accounts payable. They apply deep expertise and advanced tech tools to drive quality and efficiency.

Customised

Automations built by your audit team just for your audit

Your PwC team members are digitally trained and continually look for opportunities to automate routine audit tasks. Auditors on your team with specialised tech training, can also spot audit areas ripe for digital improvement—then build the automations to make it happen. These custom innovations along with deep sector experience and audit acumen make for an audit more tailored to your business.

How we do it

On-the-ground innovation is possible because of our commitment to building a truly digital workforce—made up of people who are skilled and empowered to use the latest tech to solve audit challenges. Collaborating with other specialists, they’ll build bots, automated workflows, and data visualisations tailor-made for your audit to help eliminate busy work and reduce the potential for errors.

Insightful

Bringing audit insights to life so you can see your business better

With time saved on manual audit tasks made digital, your audit team can focus examining important audit matters in a new way. From start to finish, they’ll leverage your audit data to bring deeper analysis, smarter anomaly detection, and the ability to spot audit-related trends.

How we do it

Our suite of tools enables us to better spot anomalies or new trends. We then use the latest data visualisation tools so you can see beyond numbers on a page. This also enables us to target testing and unlock new value and analysis related to critical audit areas.

Innovative technologies tailored to your technological maturity

Four unique, smart technologies - Aura, Halo, Connect and Extract - underpin the safety, insight and real-time capability of the audit

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Aura

Our cloud-based platform is the engine that powers the audit providing quality and consistency throughout the audit.

Driving quality and consistency through a risk-based approach.

Aura, our global ERP system, makes sure work gets done one way - the right way - globally and locally. It is used by over 100,000 auditors worldwide, on every PwC audit. Aura ensures our teams take a consistent, focused and efficient approach to audit risk. This means:

  • A better understanding of your business due to end-to-end visibility of the audit process.
  • A greater focus on the things that matter thanks to a systematic risk-based approach.
  • Our pre-loaded risk software helps teams to identify the relevant risks and perform the right work to address them.
  • Consistency and quality of audit delivery across our entire client base.
  • Real-time monitoring of engagement quality and progress is available securely on mobile devices, anytime, anywhere.
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Halo

Award-winning, market-leading technology that harnesses the power of data to help teams see what needs to be seen beyond the numbers on the page.

Understanding your business and gaining deeper insights

Halo, our data auditing technology, tests huge volumes of business-critical data, analysing whole populations, improving risk assessment, analysis and testing, and unlocking a wealth of insight. Halo is revolutionising our audits by harnessing the power of data.

  • Enables a greater understanding of your business to enhance audit quality.
  • A combined trend and ratio analysis provides you with insights using information we already receive as part of the audit.
  • Visualisations highlight patterns and potentially higher risk transactions instantly, enabling a deeper understanding of your business and supporting more relevant conversations.
  • Automation of manual tasks leading to greater efficiency.
     
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Connect

Our collaboration platform provides fast, efficient and secure information sharing at every stage of the audit - creating a better audit experience for clients.

Connecting people in real time.

Connect, our global coordination tool, provides fast, efficient and secure information sharing at every stage of the audit. It streamlines, standardises and automates real-time communication between your teams and ours, 24/7, wherever you are in the world. This means:

  • Better information exchange and document management using a secure, web-based tool.
  • Process efficiencies through consolidation and automation of notifications.
  • Safe and secure communication for your teams and ours.
  • Scalability - globally available for clients, small or large.
  • Significantly reduced document management effort.
  • Fast and efficient issue resolution due to real-time tracking.
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Extract

Our suite of extraction tools standardises the way we communicate data requests and how we securely extract and transfer your data.

Extract

  • Extracts large volumes of data with limited impact on your systems.
  • Returns standard data formats allowing automated transformation ready for analysis by our applications.
  • Eliminates the need for repeated, manual intervention through the data extraction process.
  • Encrypts and compresses the data during the extraction and transfer.
  • Provides end-to-end protection of your data.
  • An overall more efficient data acquisition process.
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Beyond tomorrow...

The leading platforms that power today’s audit are just the beginning, and we continue to develop the next wave of innovation to drive even higher quality. From exploring new ways of using data to surface strategic insights, to redefining digital collaboration, the combination of tools and how our people work with one another and with clients, helps deliver a greater audit experience.

Just a few areas we’re excited to discuss with you: adding cognitive artificial intelligence (AI) capabilities to our powerful data lake and opening up the world of practical AI to improve existing audit processes.

Get tomorrow’s audit, today.

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.

Contact us

Rob Derrett

China Assurance Digital & Strategy Leader, Beijing, PwC China

+[86] (10) 6533 7838

Email

Steven Zhao

Partner, PwC China

+[86] (10) 6533 7219

Email

Royal Gao

Partner, PwC China

+[86] (21) 2323 2984

Email

Tracy Cao

Partner, PwC China

+[86] (755) 8261 8669

Email

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