Grant Thornton’s US member business, Grant Thornton LLP, has rolled out a new technology platform, gtap, aimed at reshaping how the company conducts audits.
The system – short for Grant Thornton Analytics and Automation Platform – integrates analytics, automation and AI into each phase of the audit cycle.
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Built on a cloud-based, self-service framework, gtap is designed to standardise the intake, transformation and review of audit data.
Grant Thornton said the platform creates a single, reliable data source to support audit procedures, automate workpapers and enable more sophisticated analytical procedures.
The company noted that gtap can work with information drawn from any enterprise resource planning system, replacing multiple, disconnected audit tools with a “unified, secure environment”.
This consolidated set-up, according to the company, supports full-population testing and is intended to generate audit-ready outputs at scale.
The platform is also structured to support AI-enabled workflows that can handle routine and transactional audit work.
In addition, Grant Thornton said gtap is expected to enable intelligent agents that can identify risks, anomalies and insights in real time, while auditors continue to direct and oversee the engagement.
Grant Thornton LLP CEO Ron Messenger said: “This represents one of our most significant investments in the future of audit.
“We are transforming how we audit and how we serve our clients, moving toward a data-led model that improves both the quality and efficiency of our work.
“By automating the transactional parts of the audit, our teams can focus their time where it matters most: helping clients by exercising professional scepticism and judgment, assessing risk and delivering real-time insights that help drive trust in the capital markets.”
The company plans to initially deploy gtap for private company audits, before extending it to public company audits next year.
