The reimagined audit and assurance experience is as seamless as an autopilot car. Is it time for a test drive?

Key takeaways

• AI-powered automation transforms manual, time-consuming tasks into seamless, real-time processes—while incorporating human judgment for oversight and decision-making.
• Deloitte’s cloud-based Omnia audit platform sets a new industry benchmark by integrating agents, standardized digital processes, and human-in-the-loop safeguards.
• Trust and safety are foundational to Deloitte’s approach.

AI is transforming audit and assurance. Gone are the days of endless inquiries and long response times. Today, AI-powered platforms turn weeks of data analysis and manual, detailed testing into quick filtering of large data sets, timely responses, and real-time insights. The real question: How soon do you want your team to benefit?

As a key part of Deloitte’s Digital Change strategy, we’ve dedicated years of human capital and significant technological investment to build global cloud platforms that standardize, centralize, and digitize our audit process, for faster, more consistent results.

Think of it like switching from driving a stick-shift to cruising in an autopilot car. You’re still in control, but the ride is smoother, smarter, and less stressful, so you can focus on your priorities and the journey ahead.  

Here are four ways Deloitte is innovating audit and assurance to make your journey more enjoyable.

AI takes the wheel, humans guide the critical decisions

Autopilot vehicles use sensors and AI to navigate but still require a human driver to monitor and intervene. Similarly, AI in audits automates routine tasks but still depends on human professionals for oversight, judgment, and decision-making.

With our cloud-based Omnia platform, AI can:

• Enhance documentation reviews
• Identify financial statement disclosure gaps
• Tie-out, foot, and improve navigation of financial statements
• Automate documentation of internal control processes and mapping
• Extract, prepare, and analyze data before human intervention
• Improve technical research, accounting analyses, and drafting memos

Most importantly, our systems remain focused on human-in-the-loop oversight. AI supports, but never replaces, our audit professionals’ critical thinking and judgment.

Our leadership in audit innovation isn’t just talk. Deloitte was recognized with the 2024 ‘AI Innovation Initiative of the Year’ award at the International Accounting Forum and Awards, thanks to our enhanced AI capabilities. But this recognition is only part of the story. By putting AI at the center of our audit and assurance strategy, we’re transforming how audits are delivered. The result for you? A faster, more valuable, and seamless audit experience.

We’re starting to integrate smart AI agents into Omnia that handle tasks, remember key information, and work together as a team. Our standardized, digital processes—built on global cloud-based audit platforms—enable seamless integration with advanced AI, setting a new benchmark for quality and trust in the industry.

Quality, value, and insights are built into every system

Safety features like lane-keeping assist and collision detection are built into autopilot vehicles to ensure reliability. Similarly, AI-enabled audits have built-in controls, quality checks, and professional skepticism in the form of human-in-the-loop oversight.

The autopilot audit experience is designed to empower our team to enhance your experience through:

• AI-powered documentation self-reviews to reduce inquiries;
• automated validations to provide expedited responses; and
• AI-powered disclosures and controls benchmarking to deliver real-time value.

While technology is a powerful enabler, it is no substitute for human insight and integrity. The foundation of a quality audit remains the professional skepticism and sound judgment of our people.

By pairing advanced AI with the experience and critical thinking of our professionals, we can further enhance audit quality and deliver even more meaningful results.

With AI and automation, you benefit from:

• Faster turnaround times
• More professional time focused on insights for you
• Streamlined detailed requests to your teams
• Reduced disruptions
• Consistent, reliable reporting
• Deeper analysis of your data
• Real-time progress views
• More time for you to focus on what matters most to your business

Moving from less periodic to more continuous audits results in more timely insights and early issue detection. With less pressure to meet your reporting deadlines, you feel at ease that you will reach your destination.

The ride is seamless and enjoyable

While the destination of trust and assurance remains the same, the autopilot journey is smoother, faster, and smarter. You no longer have to constantly steer, check the rear-view mirror, or manage traffic. Instead, you can sit back, enjoy real-time dashboard insights, and experience fewer manual detours. You can focus on your business, knowing routine audit tasks are taken care of.

By consuming, analyzing, and matching greater amounts of your data, we can focus on outliers so you can focus on what truly matters: your business and the valuable results and insights our audits provide.

By integrating AI directly into our audit platforms, we:

• provide you with deeper insights from the data we extract and test; and
• make smart, targeted requests based on real-time observations.

The goal: deliver a seamless audit experience that goes beyond compliance and provides actionable insights for your success.

Designed with safety in mind

Just as autopilot cars rely on strict safety standards, our AI capabilities were all developed in alignment with Deloitte’s Trustworthy AI framework, which embeds governance, controls, and compliance throughout the AI lifecycle. This drives Deloitte’s quality imperative, improving user confidence and trust, and keeping your data safe and compliant.

We are committed to responsible, secure, and ethical AI use, guided by key principles:

• Ethical Use & Safeguards: We place a strong emphasis on the responsible, ethical, and secure deployment of AI, guided by frameworks such as Trustworthy AI.
  
• Governance & Risk Management: Our processes include strict governance, human-in-the-loop controls, and full compliance with data privacy and regulatory requirements to help manage risk and protect your interests.
  
• Data Privacy: Data sovereignty is built into our systems. All materials and AI outputs are handled confidentially, requiring professional judgment and validation. Your data is used exclusively for your audit and not for any other purpose.
  
• In-House AI Development: By developing our AI capabilities in-house and minimizing reliance on third-party technologies, we further enhance data safety and sovereignty for your organization.

This comprehensive approach ensures that you benefit from innovative AI solutions while maintaining the highest standards of security, privacy, and ethical conduct.

Ready for a test drive?

Ready to experience smarter, faster audits? Deloitte’s AI capabilities are always evolving, with new AI features like:

• embedded AI agents to handle complex workflows;
• advanced market risk sensing and analytics;
• enhanced client-collaboration tools;
• forecasts and valuation analyses; and
• intelligent, automated disclosure and control checklists tailored to your business.

Let’s see what smarter, faster audits could mean for your business.

Connect with us for a personalized test drive.