PwC US last week launched Data PRO and Acquisition Hub, two integrated tools that the Big Four accounting firm says will help make audit data collection and preparation easier for clients and audit teams.
Requesting, gathering, and preparing financial data for audit has traditionally involved considerable manual effort by audit teams and their clients. Now, Acquisition Hub gives clients a single, secure place to share and track requested information, making it easier to manage what’s needed, PwC said. Once received, Data PRO helps transform that data into a standardized format, automatically checking for common errors and getting the data ready for audit work. This end-to-end approach means fewer repeated data requests, quicker issue resolution, and a more seamless audit experience, the firm added.
“Behind every audit is a focus on delivering quality and value while enhancing the audit experience,” Deanna Byrne, PwC US assurance leader, said in a statement on Sept. 3. “By automating routine data work and continually updating our technology, we’re able to reduce disruption, support audit quality, and help our teams spend more time on the insights that matter most to clients.”
Data PRO and Acquisition Hub are the latest in a series of audit technology enhancements PwC has recently rolled out. As a result, clients and audit teams benefit from:
- Real-time dashboards that provide transparency and track engagement progress.
- Advanced analytics and machine-learning models that analyze data to identify unusual patterns and surface risks earlier in the audit process.
- Automated documentation and research tools that streamline preparation and review, including ChatNational, PwC’s generative AI-powered research platform.
PwC says it’s also developing an AI-native platform with embedded intelligent agents that will work with audit teams to orchestrate audit work.
“Our new technology enhancements, including Data PRO and Acquisition Hub, are deployed under PwC’s rigorous quality, independence, and ethical standards, reinforcing our commitment to trusted innovation and responsible development,” the firm said. “These solutions are part of our broader commitment to build a seamlessly connected, AI-enabled audit approach—combining advanced digital tools, AI, and industry knowledge to deliver experience beyond numbers. With nearly one-quarter of Fortune 500 companies and more than 700 SEC registrants turning to us for their audits, our innovation builds on deep experience serving some of the largest organizations.”
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
Tags: Accounting, Artificial Intelligence, Auditing, auditors, PwC, Technology
