Deloitte expands its global suite of GenAI and Agentic AI capabilities in Omnia, advancing the Audit Experience

Deloitte today announced a series of new artificial intelligence (AI) capabilities within Omnia, Deloitte’s global cloud-based Audit & Assurance platform, designed to evolve the audit and assurance experience, advancing Deloitte’s effort to drive innovation with enhanced technology. As the external landscape and client businesses transform, these capabilities represent an evolution of the audit process, addressing increasing complexity with agile, integrated solutions.

“We understand the robust scope and oversight that is needed as our clients and the business environments they operate within, utilize increasingly more digital processes and data. Our Audit practice has recognized the optimized benefits of investment in our Audit technology, to incorporate AI tools to help drive quality and trust in our continued elevated service to our clients,” states Francois Lamontagne, Audit & Assurance Leader for Deloitte Caribbean and Bermuda.

Advancing audit processes with GenAI

Building upon Deloitte’s award-winning Omnia platform, this suite of new capabilities reimagines key processes using Generative AI (GenAI):

• Enhanced documentation review: GenAI capabilities can perform initial reviews of audit documentation and suggest enhancements for clarity and consistency.
• Improved navigation of financial statements: Auditors can explore relevant information in uploaded draft financial statements and ask nuanced questions about statement content, streamlining tie-out procedures.
• Streamlined data extraction processes: GenAI’s ability to summarize information across documents enables auditors to unlock richer insights and reach conclusions more efficiently.
• Advanced drafting capabilities: A GenAI-powered workflow can create first drafts of audit-related communications and accounting memos.
• Improved research capabilities: New capabilities within Deloitte’s audit and accounting research platform help deliver timely responses to auditor research questions and synthesize challenging accounting topics, helping them uncover new insights.
• Proactive risk management: Deloitte is developing risk identification technology designed to evaluate external information sources for risk events and identify potential audit risk factors.

“Transformation is at the heart of our Audit Innovation and as a profession the evolutionary change of AI technology advances continues to drive and demand a re-imagined Audit & Assurance service delivery. Our Omnia platform embraces the new age and aided with GenAI modules provides our people with the tools to best serve our clients”, said Laurie Mernett, Audit Innovation Leader for Deloitte Caribbean and Bermuda.

The next frontier: Empowering auditors with AI agents

As the next step in the evolution of Omnia technology, Deloitte is integrating intelligent agent capabilities into the Omnia ecosystem. AI agents function as digital specialists capable of performing specific tasks, remembering relevant information, and coordinating with other agents as an interconnected system.

“We are excited to observe the impact this will have to our clients. Improvements in the analysis and querying of data points with the aid of AI and AI agents, will increase time for our professionals to focus on value added insights and trends analysis for Audit committee reports and discussion,” says Mr. Lamontagne.

These AI capabilities were all developed in alignment with Deloitte's Trustworthy AI™ framework, which embeds governance, controls, and compliance throughout the AI lifecycle, driving Deloitte’s quality imperative and improving user confidence and trust.  

Technology innovation and ongoing AI commitment

Since its launch in 2015, Omnia has evolved to embrace new technology, with the goal of delivering a high quality, tailored audit experience adapted to meet the challenges of our clients. Last year, Deloitte was recognized with the inaugural ‘AI Innovation Initiative of the Year’ award at the International Accounting Forum and Awards for its enhanced Omnia GenAI capabilities.

Deloitte remains committed to infusing GenAI across the organization to empower its professionals and augment their skills. Deloitte has rolled out purpose-specific large language models and chatbots that can be leveraged by Deloitte’s nearly 85,000 audit and assurance practitioners globally. Deloitte’s audit professionals also leverage the organization’s employee-wide GenAI chatbot, running over three million AI prompts in the first year of use.

Deloitte also continues to broaden its external AI technology offerings, most recently launching the Global Agentic Network. This network offers a suite of ready-to-deploy AI agents that enable Deloitte practitioners to advise clients on deployment at scale.

For more information about Omnia, please visit our webpage.