Deloitte 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.”
Jean-Marc Mickeler, Audit & Assurance CEO, Deloitte Global: “AI is [enhancing] the audit profession worldwide, unlocking unparalleled opportunities for innovation and transformation. By continuing to strategically invest in advanced, adaptive technologies, we empower our 85,000 people across more than 150 countries to navigate rising demands while steadfastly upholding the principles of quality and trust that define our profession.”
Building upon Deloitte’s 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.
Nigel Thomas, Audit & Assurance Strategy & Digital Change leader, Deloitte Global: “The pace of technological change demands solutions that complement and enhance the tremendous talent and deep industry knowledge our auditors bring to every engagement. With more than a decade of investment in our Omnia platform, we are equipping our people worldwide with the resources they need to thrive in a dynamic environment.”
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.”
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.”
Since its launch in 2015, Omnia has evolved “to embrace new technology, with the goal of delivering a quality, tailored audit experience adapted to meet the challenges of our clients.”
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 practitoners 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.”
