PwC US recently launched Data PRO and Acquisition Hub, two innovative tools aimed at streamlining audit data collection and preparation for clients and audit teams. Traditionally, these processes involved significant manual effort, but Acquisition Hub now provides a secure, centralized platform for clients to share and track requested financial information. Once data is received, Data PRO standardizes it, automatically detecting errors and preparing it for the audit, enhancing efficiency. Deanna Byrne, PwC US’s assurance leader, emphasized that these advancements boost audit quality and value while reducing disruptions and manual tasks. The technology also features real-time dashboards, advanced analytics, machine learning models for risk detection, and automated documentation tools, including the generative AI platform, ChatNational. These tools reflect PwC’s commitment to ethical innovation and aim to deliver a seamless, AI-enabled audit experience. With a strong clientele, including many Fortune 500 companies, PwC continues to enhance its audit capabilities through technology.
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