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.
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.
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
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