New AI features empower auditors to navigate an increasingly complex, tech-enabled business landscape amid evolving client needs

Deloitte announced a series of new artificial intelligence (AI) capabilities within Omnia, Deloitte’s global cloud-based audit and assurance platform, designed to evolve the audit and assurance experience, advancing Deloitte’s effort to drive innovation with enhanced technology. As the external landscape and client businesses transform, these capabilities represent an evolution of the audit process, addressing increasing complexity with agile, integrated solutions.

“With the rapid advancement of AI technology, the audit profession is undergoing an exciting transformation,” said Dipti Gulati, chief executive officer, U.S. Audit & Assurance, Deloitte. “Continuing our efforts to integrate increasingly advanced, adaptive technologies into our audit platform has been a critical investment, enabling our auditors to deliver against rising demands in the profession with agility, while maintaining our commitment to quality and trust.”

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Advancing audit processes with GenAI 

Building upon Deloitte’s award-winning Omnia platform, this suite of new capabilities reimagines key processes using Generative AI (GenAI):

• Enhanced documentation review: GenAI capabilities can perform initial reviews of audit documentation and suggest enhancements for clarity and consistency.
• Improved navigation of financial statements: Auditors can explore relevant information in uploaded draft financial statements and ask nuanced questions about statement content, streamlining tie-out procedures.
• Streamlined data extraction processes: GenAI’s ability to summarize information across documents enables auditors to unlock richer insights and reach conclusions more efficiently.
• Advanced drafting capabilities: A GenAI-powered workflow can create first drafts of audit-related communications and accounting memos.
• Improved research capabilities: New capabilities within Deloitte’s audit and accounting research platform help deliver timely responses to auditor research questions and synthesize challenging accounting topics, helping them uncover new insights.
• Proactive risk management: Deloitte is developing risk identification technology designed to evaluate external information sources for risk events and identify potential audit risk factors.

“Our auditors’ talent and industry-leading perspectives are at the forefront of our audit approach,” said Chris Griffin, U.S. Audit & Assurance talent and transformation leader, Deloitte. “Building upon over a decade of investment in advancing our global Omnia platform, these new capabilities blend the knowledge and experience of our professionals with tools designed to empower experienced auditors to navigate increasing demands in the profession and keep pace with technological transformation.”

The next frontier: Empowering auditors with AI agents 

As the next step in the evolution of Omnia technology, Deloitte is integrating intelligent agent capabilities into the Omnia ecosystem. AI agents function as digital specialists capable of performing specific tasks, remembering relevant information, and coordinating with other agents as an interconnected system. Embedding agents into Omnia can help automate tasks such as gathering data from diverse sources, managing complex project plans, and detecting patterns and anomalies.

“The rapid pace of technological advancement and increasing complexity across business environments demands a continued commitment to digital change within our business,” said Will Bible, U.S. Audit & Assurance digital transformation and innovation leader, Deloitte. “We are excited to be at the forefront of efforts to leverage the latest AI technology in audit and assurance processes, forging an innovative approach to work that marries a network of adaptive, cross-functional AI tools with the skills of our talent.”

These AI capabilities were all developed in alignment with Deloitte’s Trustworthy AI™ framework, which embeds governance, controls, and compliance throughout the AI lifecycle, driving Deloitte’s quality imperative and improving user confidence and trust.

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Technology innovation and ongoing AI commitment

Since its launch in 2015, Omnia has evolved to embrace new technology, with the goal of delivering a high quality, tailored audit experience adapted to meet the challenges of our clients. Last year, Deloitte was recognized with the inaugural “AI Innovation Initiative of the Year” award at the International Accounting Forum and Awards for its enhanced Omnia GenAI capabilities.

Deloitte remains committed to infusing GenAI across the organization to empower its professionals and augment their skills. Deloitte has rolled out purpose-specific large language models and chatbots that can be leveraged by Deloitte’s nearly 85,000 Audit & Assurance professionals globally. Deloitte’s audit professionals also leverage the organization’s employee-wide GenAI chatbot, running over three million AI prompts in the first year of use.

Deloitte is also increasing AI fluency, training more than 120,000 professionals via the Deloitte AI Academy™ and investing in global technology learning and development initiatives, including the recent launch of a GenAI and advanced AI applications certification program. Deloitte continues to broaden its external AI technology offerings, most recently launching the Global Agentic Network, offering a suite of ready-to-deploy AI agents and advising clients as they deploy them at scale. Deloitte is also actively deploying agentic AI across its own operations, while upskilling Deloitte talent to use and implement this technology.