PwC wins ‘Audit Innovation of the Year’ at 2016 International Accounting Bulletin Awards
PwC’s revolutionary data-auditing tool, Halo, has been awarded the prestigious International Accounting Bulletin’s ‘Audit Innovation of the Year’.
The award recognises organisations that, with a new initiative or innovation in audit, have made a major change in improving audit quality, efficiency or added value to clients. Judges consider cutting-edge thinking behind the innovation as well as improvements in efficiency, accuracy and reliability; client satisfaction, together with the contribution to improved audit quality.
“We are delighted to have won this award which recognises the pioneering technology we are rolling out across our global network. Our ability to merge market-leading technology with the skills of our people is central to our global audit strategy and is changing the way we deliver our audits. Halo is revolutionising the PwC audit and harnessing the power of data. It is our platform for a pipeline of new data products that will use, for example, artificial intelligence and augmented reality to add value by helping to unlock patterns and trends”, stated Kenneth Spiteri, Assurance Leader, PwC Romania
“These developments create major opportunities for us to continually meet the changing needs of our clients and stakeholders and to reshape the assurance landscape by opening up the way to new forms of assurance and audit in the future – such as real-time assurance”, added Kenneth Spiteri.
Halo is used by 14,000 of PwC’s auditors across the world, including Romania, on over 8,000 client engagements worldwide. More than 80 billion journals have been processed globally through Halo.
At PwC our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services.