Making a Good Thing Even Better

In today’s changing world, CEOs and CFOs, as well as Audit committees and others charged with governance are held accountable as never before. Companies need independent, objective audits to help maintain their reputation and the public’s trust.

Deloitte’s superb audit capabilities are built on the latest in audit technology, combined with Deloitte member firm auditors who are passionate about setting the standard for excellence in audit quality. The Deloitte Audit is a new generation of audit methodology and technology that continues a tradition of excellence and innovation established by AuditSystem/2, which, ten years after its introduction is still a leader in the profession. The Deloitte Audit offers cutting-edge audit technology, addresses new regulatory requirements, incorporates multiple Generally Accepted Accounting Principles (GAAP) compliance, and facilitates the auditor’s understanding of business processes, controls, and risks.

Putting the right set of tools in auditors’ hands so they have the ability to plan and perform an audit of exceptional quality is what clients and regulators expect of Deloitte member firms, and what they will continue to get with The Deloitte Audit. The Deloitte Audit is currently in development and will be tested and piloted within member firms in the next few years.

For more information about The Deloitte Audit, please see the PDF file attachment at the bottom of this page, or view The Deloitte Audit page of the Worldwide Member Firms 2005 review.

The Deloitte Audit
Relational database	Makes it possible for the auditor to see many different facets and views of the audit.
Understanding the business and its systems	Integration with a broad and deep database of industry-specific business processes and internal controls, as well as web-based analytical tools that enhance the audit team’s understanding of the client’s business in the context of its industry.
Comprehensive building blocks	Comprehensive industry-specific “core content” including databases of business processes, internal controls, audit procedures and risks, analytic and computational tools, and the integrated policies and guidance that direct the conduct of the audit together with detailed instructions for the use of the content.
Configurability	Content can be tailored to fit the individual needs to each specific client engagement. It is designed to be “smart.”
Scalability	Scalable to large, mid-size and small clients alike, providing a common standard of quality no matter what the client size. Supporting Internet-based auditor-to-auditor and auditor-to-client collaboration and communication.