Cutting audit processing times in half with cutting-edge data analysis

Seeking Audit Innovation

Top 3 Areas of Impact

50% reduction in hours spent on data processing

More precise risk assessment

150 hours saved for the engagement team

Summary

A large global tax-exempt organization, focused on implementing health programs in developing countries, engaged BDO to conduct its audit.

INDUSTRY
Healthcare

SERVICES PROVIDED
BDOADVANTAGE

Data Analytics

Woman viewing digital screen

Challenge

The organization relied on multiple disparate data systems, including two different ERP systems, so it took the audit team hundreds of hours to standardize and interpret the financial data.

Results

By enthusiastically adopting BDO’s proprietary technology and utilizing BDO’s BEATS team, our engagement team was able to shift the time on our audit onto the work that matters, which was an increased understanding of our client’s business and a more thorough and precise audit.

BDO Principal