Problems
What will AGI do for Standardize Audit Workpapers?
Auditors at public accounting firms receive financial evidence from clients in highly variable formats, ranging from raw database dumps and unstructured Excel spreadsheets to scanned PDF invoices. Firms require this evidence to be translated into strict workpaper templates to document their testing procedures and comply with regulatory bodies like the PCAOB. This translation requires manual data extraction, formatting, and cross-referencing by junior audit staff, consuming hundreds of billable hours per engagement.