Remote Audit Innovation
Modern technology makes it easier for businesses to get the assurance they need through a digital audit experience. Using remote communication tools and collaborative digital workplaces, you can expect to receive the same level of personalized, hands-on service and high-quality, professional deliverables from a remote audit as you would from a traditional on-site audit.
Today’s changing world is at the forefront of a digital transformation. As the business environment adapts, the future of auditing is evolving into a collaborative experience – seamlessly connecting people, resources and technology to bring better value, broad insight and high-quality digital audits to your business.
At Withum, we focus significantly on learning how new audit technology can enhance our A&A clients’ service experience and improve the audit process. Promoting an innovative mindset enables us to apply enhanced auditing techniques to better serve our clients. Strategic investments in technology have helped our team members provide ever-increasing levels of value-added data analysis, business intelligence, data security and other advisory services to our clients.
Your Digital Audit Process
Maximize the quality of your audit, enhance collaboration between teams, and increase your value through Withum’s Digital Audit Process. Each section below outlines the benefits of our digital audit.
1) Integrated Client Experience
- Data-Driven Audit Efficiency – A data-driven approach allows team members to rethink the audit process, benefiting clients by lessening their burden with more interactions and helping expand audit procedures across the year.
- Streamlined Audit Collaboration – Planning, communication, and flexibility will reduce the time crunch between audit teams and clients throughout the year.
2) In-depth Client Insights
- Timely Insights – Our virtual tools enable us to deliver timely and actionable insights, helping you make informed decisions faster.
- Benchmarking Information – By utilizing standardized datasets and groupings, audit teams can effectively compare and contrast internal and external information, providing increased value to you. The resulting data points will enable engagement team members to benchmark information, leading to a more effective and efficient engagement.
3) Enhanced Audit Quality
- Maximizing Value through Expertise – We use industry-leading software packages to develop and deploy smarter procedures on behalf of our clients. Our data analytics expertise lets us better assess and target your risk areas, reduce unnecessary manual data entry and evaluate your processes. Each client is unique, and our internal analytics specialists can be deployed to maximize our value to you as we meet your specialized needs.
- Consistent Trial Balance Data – A standardization of the audit approach results in consistent trial balance data points (see #2 – In-depth Client Insights for additional information).
- Transformative Cloud-Based Audit Tools – End-to-end, cloud-based tools with transformative audit methodology are guided by the AICPA’s proven professional expertise, AI-powered analytics, real-time client collaboration, automation, and secured data sharing.
4) Team Member Expertise
- Data-Driven Audit Methodology – Our team members utilize audit methodology as a guided data-driven approach. Continuous learning and development training ensure that our team members stay current on the latest insights and trends in A&A.
- Effective Communication – By utilizing raw data, we are able to communicate insights to our clients more effectively and bring attention to particular areas earlier in the audit process.
5) Continuous Auditing
- Enhanced Year-Round Procedures – A data-driven approach allows team members to rethink the audit process, benefiting clients by lessening their burden with more interactions and helping expand audit procedures across the year.
- Reduced Time Crunch – Planning, communication, and flexibility will reduce the time crunch between audit teams and clients throughout the year.
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
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Withum Announces Cloud-Based Audit Innovation That Fosters Enhanced Techniques and Insights
Withum is proud to share the successful implementation of its integrated cloud-based digital audit platform, marking a significant milestone in its innovation journey. By integrating this platform with the firm’s […]