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Audit is critical for confidence in your business, but it can be demanding: data requests, documentation, and back-and-forth that take valuable time and focus away from future priorities. You want an audit that’s thorough, but you also want one that’s efficient, insightful, and adds value.
Technology has long underpinned how we deliver audits—we’re constantly innovating to ensure your time is spent on what matters most. That same commitment is driving our next step—the development of our $1 billion AI-native audit platform. Some of our clients in Australia are among the first globally to experience the platform as part of a worldwide pilot.
Built with Microsoft and powered by generative and agentic AI, it reimagines the audit experience from end to end. It’s not AI bolted on to a traditional process—it’s something fundamentally different. AI agents are constantly scanning, analysing, and responding in real time, while our auditors stay fully in the loop—bringing the context, judgement, and critical calls you rely on.
The result? Less effort required from your team. More focus on what matters. The quality and confidence you value from our audit combined with insights aligned to your business priorities.
Traditional audits often rely on sampling, where only part of the data is tested. It’s effective in providing audit comfort, but it may not tell the whole story. AI agents can analyse and test entire data sets in real time. Anomalies are flagged and risks are highlighted for our ‘humans in the loop’ to follow up. And we can ask questions of the data and evidence we tested, to provide insight on the things that matter to your business.
This collaboration between auditors and AI agents is a new way of working. AI isn’t just sprinkled in here and there—it’s embedded in every step of the audit. From risk assessment, to testing, to regulatory compliance, AI is doing some of the heavy lifting, while human auditors bring the experience, critical thinking, and insight.
It’s the best of both worlds: the scale and speed of AI, with the context, responsibility and experience of trusted specialists.
The platform is also designed to adapt—to keep pace with advances in AI and drive continuous innovation. Each component can be upgraded seamlessly, allowing new capabilities to be embedded into your audit without disruption.
Trust has always been at the heart of audit, and that doesn’t change with AI. We’ve built our system around a human-in-the-loop model. AI may handle workflows, testing and analysis, but our people remain responsible for the decisions that matter.
Every innovation is rigorously tested for accuracy, transparency, and accountability. Client data is handled within secure PwC environments, with integrity and care. Our priority is delivering insight and an unmatched client experience, while protecting the trust you place in us.
The impact of the AI native audit platform is already visible. For example the Smart Audit Platform—built in Australia, is now integrated into our global platform. This has been using AI to enhance audit quality and efficiency for a number of years. In FY25 alone,1,600 financial statements quality checks were performed by this technology. By 2028, every audit client will be benefiting from the full next generation audit experience.
This is only the beginning of our next generation audit journey. In the coming months, we’ll share more on:
We invite you to explore the series and see how PwC is building an audit that works better for you today—and positions you for tomorrow.
Find out more about next generation audit here.
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