Project Info
Client & Industry:
- One of the big-four Audit Firms
Department:
- External Audit & Assurance
Solution:
- AI Application that could read the entire financial statement, automatically extract and verify all financial data, and validate 2000+ disclosure requirements against different financial reporting standards (IFRS, FRS, GAAP, Companies Act, etc.)
Business Outcome:
- Time to complete the financial audit verification and disclosure validation checks reduced from 1-3 weeks to 2-5 hours.
